Question

Hello,

I am doing a linear regression on money spent monthly on beauty regiments and income. My standard error is 82.1370708107448 and I do not know why it so high, what it means, how to explain or if something is wrong with my data.

Please assist

Answer 1

you are doing a linear regression on money spent monthly on beauty regiments and income.

The standard error is 82.1370708107448

If sample size is low then standard error is high.The sample size is increases then standar error is decreasses.

Explanation what is wrong with you data:

1) In cases where the standard error is large,the data may have some significant irregularities

2) Your linear regression on money spent monthly on beauty regiments and income the variable may be are different scale or unit.