Determine the sum of squares of error (SSE) and the standard error of the estimate (se) for
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Determine the sum of squares of error (SSE) and the standard error of the estimate (se) for Problem 12.6. Determine how many of the residuals computed in Problem 12.14 (for Problem 12.6) are within one standard error of the estimate. If the error terms are normally distributed, approximately how many of these residuals should be within ±1se?
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SSE S y 2 b 0 S y b 1 S xy 1935 165197 0162...View the full answer
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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