Residual Standard Error of Data Solution

STEP 0: Pre-Calculation Summary
Formula Used
Residual Standard Error of Data = sqrt(Residual Sum of Squares/(Sample Size-1))
RSE = sqrt(RSS/(N-1))
This formula uses 1 Functions, 3 Variables
Functions Used
sqrt - Squre root function, sqrt(Number)
Variables Used
Residual Standard Error of Data - Residual Standard Error of Data is the standard deviation of the residuals of each observation or the difference between actual value and estimated value of each observation in the given data.
Residual Sum of Squares - Residual Sum of Squares is the sum of squares of the residuals of each observation or the difference between actual value and estimated value of each observation in the given data.
Sample Size - Sample Size is the total number of individuals present in the given sample under investigation.
STEP 1: Convert Input(s) to Base Unit
Residual Sum of Squares: 15 --> No Conversion Required
Sample Size: 10 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
RSE = sqrt(RSS/(N-1)) --> sqrt(15/(10-1))
Evaluating ... ...
RSE = 1.29099444873581
STEP 3: Convert Result to Output's Unit
1.29099444873581 --> No Conversion Required
FINAL ANSWER
1.29099444873581 <-- Residual Standard Error of Data
(Calculation completed in 00.000 seconds)

Credits

Created by Nishan Poojary
Shri Madhwa Vadiraja Institute of Technology and Management (SMVITM), Udupi
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7 Errors Calculators

Standard Error of Difference of Means
Go Standard Error of Difference of Means = sqrt(((Standard Deviation of Sample X^2)/Size of Sample X)+((Standard Deviation of Sample Y^2)/Size of Sample Y))
Standard Error of Data given Mean
Go Standard Error of Data = sqrt((Sum of Squares of Individual Values/(Sample Size^2))-((Mean of Data^2)/Sample Size))
Standard Error of Proportion
Go Standard Error of Proportion = sqrt((Sample Proportion*(1-Sample Proportion))/Sample Size)
Residual Standard Error of Data given Degrees of Freedom
Go Residual Standard Error of Data = sqrt(Residual Sum of Squares/Degrees of Freedom)
Residual Standard Error of Data
Go Residual Standard Error of Data = sqrt(Residual Sum of Squares/(Sample Size-1))
Standard Error of Data
Go Standard Error of Data = Standard Deviation of Data/sqrt(Sample Size)
Standard Error of Data given Variance
Go Standard Error of Data = sqrt(Variance of Data/Sample Size)

Residual Standard Error of Data Formula

Residual Standard Error of Data = sqrt(Residual Sum of Squares/(Sample Size-1))
RSE = sqrt(RSS/(N-1))

What is Standard Error and it's importance?

In Statistics and data analysis standard error has great importance. The term "standard error" is used to refer to the standard deviation of various sample statistics, such as the mean or median. For example, the "standard error of the mean" refers to the standard deviation of the distribution of sample means taken from a population. The smaller the standard error, the more representative the sample will be of the overall population.
The relationship between the standard error and the standard deviation is such that, for a given sample size, the standard error equals the standard deviation divided by the square root of the sample size. The standard error is also inversely proportional to the sample size; the larger the sample size, the smaller the standard error because the statistic will approach the actual value.

How to Calculate Residual Standard Error of Data?

Residual Standard Error of Data calculator uses Residual Standard Error of Data = sqrt(Residual Sum of Squares/(Sample Size-1)) to calculate the Residual Standard Error of Data, Residual Standard Error of Data formula is defined as the standard deviation of the residuals of each observation or the difference between actual value and estimated value of each observation in the given data. Residual Standard Error of Data is denoted by RSE symbol.

How to calculate Residual Standard Error of Data using this online calculator? To use this online calculator for Residual Standard Error of Data, enter Residual Sum of Squares (RSS) & Sample Size (N) and hit the calculate button. Here is how the Residual Standard Error of Data calculation can be explained with given input values -> 1.290994 = sqrt(15/(10-1)).

FAQ

What is Residual Standard Error of Data?
Residual Standard Error of Data formula is defined as the standard deviation of the residuals of each observation or the difference between actual value and estimated value of each observation in the given data and is represented as RSE = sqrt(RSS/(N-1)) or Residual Standard Error of Data = sqrt(Residual Sum of Squares/(Sample Size-1)). Residual Sum of Squares is the sum of squares of the residuals of each observation or the difference between actual value and estimated value of each observation in the given data & Sample Size is the total number of individuals present in the given sample under investigation.
How to calculate Residual Standard Error of Data?
Residual Standard Error of Data formula is defined as the standard deviation of the residuals of each observation or the difference between actual value and estimated value of each observation in the given data is calculated using Residual Standard Error of Data = sqrt(Residual Sum of Squares/(Sample Size-1)). To calculate Residual Standard Error of Data, you need Residual Sum of Squares (RSS) & Sample Size (N). With our tool, you need to enter the respective value for Residual Sum of Squares & Sample Size and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
How many ways are there to calculate Residual Standard Error of Data?
In this formula, Residual Standard Error of Data uses Residual Sum of Squares & Sample Size. We can use 1 other way(s) to calculate the same, which is/are as follows -
  • Residual Standard Error of Data = sqrt(Residual Sum of Squares/Degrees of Freedom)
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