For a prediction value of y' from a specific value x, which of the following contribute to the prediction error?
A) The error in estimating the slope
B) The error in estimating the intercept
C) The standard error of the estimate
D) All of the above

Question

Quizplus · Accepted Answer

All of the listed factors contribute to prediction error. The error in estimating the slope and intercept will affect the accuracy of the predicted value, while the standard error of the estimate represents the average amount of error that can be expected from the regression line when making predictions.

For a Prediction Value of Y' from a Specific Value