Asked by Kimberly Medlin on Jun 24, 2024
Verified
What is the standard error of estimate?
Standard Error
An estimate of the standard deviation of a sampling distribution, often used in inferential statistics.
- Recognize the contribution and relevance of the standard error of estimate to regression analysis.
Verified Answer
MS
Maureen SutphinJul 01, 2024
Final Answer :
The standard error of estimate is the measurement for how well (or poorly)one variable predicts another variable.When these differences from a distribution of data points are averaged,the standard error of estimate reflects how good the prediction is.
Learning Objectives
- Recognize the contribution and relevance of the standard error of estimate to regression analysis.