What Is the Measure That Indicates How Precise a Prediction

question 54

Multiple Choice

What is the measure that indicates how precise a prediction of Y is based on X or, conversely, how inaccurate the prediction might be?

• A) Regression equation
• B) Slope of the line
• C) Standard error of estimate

---

Definitions:

Simple Delivery Contract

An agreement where the transfer of goods or services is completed upon the delivery of said goods or services, without requiring formal documentation for transfer of title.

Buyer and Seller

Refers to the two primary parties in a transaction where goods, services, or assets are exchanged between a purchaser and a vendor.

Agreement

A mutual understanding or arrangement between two or more parties, typically formalized into a contract, regarding their respective rights and responsibilities.

Common-Carrier Delivery Contracts

Legal agreements involving firms that offer transportation services to the general public under regulated conditions.