Reading 11- LOS F (Part 1): Q5 spa

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5.e standard error of estimate is closest to the:

A)   standard deviation of the residuals.

B)   standard deviation of the dependent variable.

C)   standard deviation of the independent variable.

D)   percent of variations of the dependent variable.

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The correct answer was A)

The standard error of the estimate measures the uncertainty in the relationship between the actual and predicted values of the dependent variable. The differences between these values are called the residuals, and the standard error of the estimate helps gauge the fit of the regression line (the smaller the standard error of the estimate, the better the fit).