Interpreting "S.E. of regression"

[kjd31]

So obviously the "S.E. of regression" varies depending on what type of data you're predicting. When you read a report and it says, "the standard error of this model is 3.2%" for example, how do you get that figure? Do you divide (S.E. of regression)/(Mean dependent var)? Then report that percentage as the standard error on % or bps basis?

Thanks in advance.

[kjd31]

Bump!