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? 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? If the above is not possible could anybody explain in what way the residual of a prediction is related to the standard error of the prediction? Thanks, Rajarshi . . ================================================================= Instructions for joining and leaving this list, remarks about the problem of INAPPROPRIATE MESSAGES, and archives are available at: . http://jse.stat.ncsu.edu/ . =================================================================
