Interpreting "S.E. of regression"
Posted: Wed Aug 28, 2013 6:33 am
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.
Thanks in advance.