Which of the following statements is true?
A)The standard error of the estimate represents a measure of variability of the actual observations from the regression line.
B)The standard error of the estimate represents a range of values over which the probability may be estimated based upon the regression equation.
C)The standard error of the estimate represents a variability about the regression line that is uniform for all values of the independent variable in the data.
D)The standard error of the estimate represents the proportion of the variance explained by the independent variable.

Question

Quizplus · Accepted Answer

The standard error of the estimate is a measure of variability of the actual observations from the regression line. It represents the average distance that the data points fall from the regression line. The smaller the standard error of the estimate, the better the regression line fits the data.

Which of the Following Statements Is True