- CFA Exams
- CFA Level I Exam
- Topic 1. Quantitative Methods
- Learning Module 2. Multiple Regression
- Subject 4. The Standard Error of Estimate in Multiple Linear Regression Model
CFA Practice Question
Number of observations: 50.
Sum of squared residuals: 8956.
Number of independent variables: 5.
Sum of squared residuals: 8956.
Number of independent variables: 5.
Calculate the standard error of estimate.
Correct Answer: 14.26
SEE = [8956/(50 - 5 - 1)]1/2 = 14.26.
User Contributed Comments 4
| User | Comment |
|---|---|
| PhiWong | SEE=(SSE/(n-k-1)^0.5 |
| nsmwaura | This is wrong...8956 is SSR not SSE. I don't think you can compute the answer with the information given. |
| nsmwaura | Disregard my comment. The answer is correct |
| Adi8232 | lol nsmwaura. gotta tell Admins to enable us to at-least edit commmmmments hehe |