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    Standard Error of The Estimate

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    pmagrawal
    The standard error of the estimate is a measure of the accuracy of predictions from a regression analysis. It is calculated as the standard deviation of the differences between actual values (Y) and predicted values (Y') from the regression model. For the sample data provided, the standard error of the estimate is calculated to be √2.791 = 1.667, indicating the average error of predictions from the regression model on this data. Alternative formulas for calculating the standard error in terms of correlation and sums of squares are also provided.

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    Standard Error of The Estimate

    Uploaded by

    pmagrawal
    184 views3 pages
    The standard error of the estimate is a measure of the accuracy of predictions from a regression analysis. It is calculated as the standard deviation of the differences between actual values (Y) and predicted values (Y') from the regression model. For the sample data provided, the standard error of the estimate is calculated to be √2.791 = 1.667, indicating the average error of predictions from the regression model on this data. Alternative formulas for calculating the standard error in terms of correlation and sums of squares are also provided.

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    Regression Analysis

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    Standard Error of the Estimate

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    The standard error of the estimate is a measure of the accuracy of predictions from a regression analysis. It is calculated as the standard deviation of the differences between actual values (Y) and predicted values (Y') from the regression model. For the sample data provided, the standard error of the estimate is calculated to be √2.791 = 1.667, indicating the average error of predictions from the regression model on this data. Alternative formulas for calculating the standard error in terms of correlation and sums of squares are also provided.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    184 views3 pages

    Standard Error of The Estimate

    Uploaded by

    pmagrawal
    The standard error of the estimate is a measure of the accuracy of predictions from a regression analysis. It is calculated as the standard deviation of the differences between actual values (Y) and predicted values (Y') from the regression model. For the sample data provided, the standard error of the estimate is calculated to be √2.791 = 1.667, indicating the average error of predictions from the regression model on this data. Alternative formulas for calculating the standard error in terms of correlation and sums of squares are also provided.

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    Standard Error of the Estimate

    Figure 1 shows two regression examples. You can see that in Graph
    A, the points are closer to the line than they are in Graph B.
    Therefore, the predictions in Graph A are more accurate than in
    Graph B.

    Figure 1. Regressions differing in accuracy of prediction.


    The standard error of the estimate is a measure of the accuracy of
    predictions. Recall that the regression line is the line that minimizes
    the sum of squared deviations of prediction (also called the sum of
    squares error). The standard error of the estimate is closely related
    to this quantity and is defined below:

    where est is the standard error of the estimate, Y is an actual score,


    Y' is a predicted score, and N is the number of pairs of scores. The
    numerator is the sum of squared differences between the actual
    scores and the predicted scores.
    Note the similarity of the formula for est to the formula for .
    It turns out that est is the standard deviation of the errors of
    prediction (each Y - Y' is an error of prediction).
    Assume the data in Table 1 are the data from a population of
    five X, Y pairs.
    Table 1. Example data.

    Sum

    Y'

    Y-Y'

    (Y-Y')2

    1.00

    1.00

    1.210

    -0.210

    0.044

    2.00

    2.00

    1.635

    0.365

    0.133

    3.00

    1.30

    2.060

    -0.760

    0.578

    4.00

    3.75

    2.485

    1.265

    1.600

    5.00

    2.25

    2.910

    -0.660

    0.436

    15.00

    10.30

    10.30

    0.000

    2.791

    The last column shows that the sum of the squared errors of
    prediction is 2.791. Therefore, the standard error of the estimate is

    There is a version of the formula for the standard error in terms of


    Pearson's correlation:

    where is the population value of Pearson's correlation and SSY is

    For the data in Table 1, y = 2.06, SSY = 4.597 and = 0.6268.


    Therefore,

    which is the same value computed previously.


    Similar formulas are used when the standard error of the
    estimate is computed from a sample rather than a population. The
    only difference is that the denominator is N-2 rather than N. The

    reason N-2 is used rather than N-1 is that two parameters (the
    slope and the intercept) were estimated in order to estimate the
    sum of squares. Formulas for a sample comparable to the ones for a
    population are shown below.

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