Find the value of the standard deviation from the line

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Question: Regression equations can be used to predict the value of a response variable for an individual. What is the connection between the accuracy of predictions based on a particular regression line and the value of the standard deviation from the line? If you were deciding between two different regression models for predicting the same response variable, how would your decision be affected by the relative values of the standard deviations for the two models?

Reference no: EM131731744

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