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Difference in Standard Error of 2 sets of Data

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You have two separate sets of data. From one set you calculate the standard error to be 500. From the other set, the standard error was 5. Can you say the first set of data yielded a better regression model that the second?

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The expert determines the difference in standard error of two sets of data. A complete, neat and step-by-step solution is provided.

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Standard error of estimate is used as a measure of the accuracy of prediction from the regression model. In ...

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