Question: The Standard Error is a standard deviation measuring the scatter of the points about the regression line. Is this True or False? The intercept and

The Standard Error is a standard deviation measuring the scatter of the points about the regression line. Is this True or False?

The "intercept" and "slope" completely define the best fitting line. The intercept is the vertical distance from the origin (where the X and Y axes intersect) up or down to the line. It sets the elevation of the line. Is this true or false?

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