On Wed, 25 Feb 2004 08:08:55 -0500, Paige Miller wrote: > Rajarshi Guha wrote: >> Hi, >> I have question regarding the interpretation of the standard error of >> prediction in linear regression. As I understand this value is the >> variance of the error term for the predicted value in question. >> >> Is it possible to interpret this value as some sort of a reliability of >> the prediction? > > Reliability is not a word statistician would use in this particular > instance. We would probably say it is a measure of the precision of > the prediction. > >> That is, a low value of SEP would indicate that the >> predicted value is more reliable (even though the residual might be high) >> compared to the situation with a high value of SEP? > > A low SEP is more precise. A high SEP is less precise. > [snip]
Thanks very much for the explaination! . . ================================================================= Instructions for joining and leaving this list, remarks about the problem of INAPPROPRIATE MESSAGES, and archives are available at: . http://jse.stat.ncsu.edu/ . =================================================================
