Interpret LSRL "s"

Question 1

Interpret LSRL “s”

Answer 1

s = __ is the standard deviation of the residuals. It measures the typical distance between the actual Y values and their predicted Y values in a regression setting.

Question 2

Interperet r^2

Answer 2

_% of the variation in Y is accounted for by the LSRL of Y on X.

_% of the variation in Y is accounted for by using the linear regression model with X as the explanatory variable.