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CO 3) The regression statistic that measures the accuracy of regression predictions is the Group of...

CO 3) The regression statistic that measures the accuracy of regression predictions is the

Group of answer choices

correlation coefficient.

standard error of the estimate.

coefficient of determination.

t-statistic.

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Answer #1
The regression statistic that measures the accuracy of regression predictions is the standard error of the estimate.
The standard error of the estimate is calculated as square root of the average squared deviation.
The Predictions are deemed to be more accurate when the the standard error of the estimate are smaller.
Option B is correct
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