- CFA Exams
- CFA Level I Exam
- Study Session 2. Quantitative Methods (1)
- Reading 5. Multiple Regression
- Subject 4. The Standard Error of Estimate in Multiple Linear Regression Model

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**CFA Practice Question**

Number of observations: 80.

Sum of squared errors: 100.

Number of independent variables: 3.

Sum of squared errors: 100.

Number of independent variables: 3.

What is the standard error of estimate?

A. 1.112

B. 1.139

C. 1.147

**Explanation:**SEE = [100/(80 - 3 - 1)]

^{1/2}= 1.147.

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**User Contributed Comments**
2

User |
Comment |
---|---|

jxue |
SEE = (SSE/(n-k-1))^(1/2). |

hizmo |
R = residual not regression. |