You have run a simple regression on a sample with 16 observations, and obtained the following information: SSR = 92 SST = 328 Calculate the value of the standard error of estimate, s Round your answer to three decimal places
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Step 1
We can do this using the formula: \[ SSE = SST - SSR \] where SST is the Total Sum of Squares and SSR is the Regression Sum of Squares. Given: \[ SST = 328 \] \[ SSR = 92 \] Substituting these values into the formula: \[ SSE = 328 - 92 = 236 \] Show more…
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