Learn More About Standard Error For Regression In Simple Words

Asked By Virginia Adams 20 points N/A Posted on - 07/02/2020

I have been taking a course on statistics and came across a term called Standard Error for Regression and would like to learn more about it. Please reply ASAP. Thanks in advance.

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Answered By Kenneth A Walker 20 points N/A #332041

Learn More About Standard Error For Regression In Simple Words

Hi, I will explain the term Standard Error for Regression. This term comes up whenever we try to understand the average distance of each data point with respect to the regression line. It allows us to determine how precise the prediction will be, making it easier to search for the optimal data set that will fit the model used for prediction.

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• Posted on - 07/02/2020
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