residual standard deviation

Definition

The standard deviation between the values observed and the values that are predicted. The difference in values is known as the residual.

Use this term in a sentence

You should try and break down the residual standard deviation and decide if there is a way you can improve.

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We can only hope that the residual standard deviation bears fruit when the next fiscal period is included on the spreadsheet.

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Based on their research they were able to return the residual standard deviation. They were happy to know it was closer than they would have thought.

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residual security appraisal ratio