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standard error of estimate,How can the standard error of estimate be interpreted?,What is the formula for calculating standard error?,Standard error of estimate,Standard error of estimate PDF,What is a good standard error of estimate,Standard error of estimate example
Standard Error of Estimate
Likewise, a regular deviation that measures the variation within the set of knowledge from its mean, the quality error of estimate conjointly measures the variation within the actual values of Y from the computed values of Y (predicted) on the regression curve.
The deviation of every dot from the regression curve is expressed as Y-Ye, so the root of mean of normal deviation is:
The smaller the worth of a regular error of estimate the nearer square measure the dots to the regression curve and higher is that the estimate supported the equation of the road. If the quality error is zero, then there's no variation comparable to the computed line and also the correlation are good.
Thus, the quality error of estimate measures the accuracy of the calculable figures, i.e. it's attainable to determine the goodness and representativeness of the regression curve as an outline of the typical relationship between the 2 series.standard error of estimate,How can the standard error of estimate be interpreted?,What is the formula for calculating standard error?,Standard error of estimate,Standard error of estimate PDF,What is a good standard error of estimate,Standard error of estimate example
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