Question

Standard error of regression analysis is known as?

Answer 1

standard error of the estimate

Answer 2

The variance of the residuals is categorized as the standard error of the regression analysis. Error variance is another name for residual variation.

The regression's standard error:

• The average separation between the observed values and the regression line is shown by the standard error of the regression (S), sometimes referred to as the standard error of the estimate.
• Utilizing the units of the response variable, it conveniently informs you of how consistently off the regression model is.

How standard error is used?

• To gauge a sample's effectiveness, precision, and consistency, the standard error is utilized.
• It assesses the accuracy with which a sampling distribution captures a population.
• Both statistics and economics can use it.

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