Lesson 4 of 17
Standard Error of the Estimate or SEE
- Also called Standard Error of the Regression
- Conceptually SEE helps to measure how imperfect your model is at predicting the value for a dependent variable, Y.
- Mathematically SEE can be seen a measure of deviation(s) around your model’s regression line, a line one deviation above and below the predicted equation line
The following video explains the concept using sample data from Google and yahoo stock quotes.
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