standard error of the forecast

standard error of the forecast

[¦stan·dərd ¦er·ər əvthē ′fȯr‚kast]
(statistics)
Standard deviation of the estimate (point or interval) of a dependent variable for a given value of an independent variable.
References in periodicals archive ?
An adjustment is made to the standard error of the estimate to derive the standard error of the forecast. Peterson (1989) writes that this adjustment reflects "the deviations of the independent variables in the estimation period from the values employed in the original regression." The standard error of the forecast is derived:
[s.sub.ift] = Standard error of the forecast for security i in period t in the event period.
In an analysis of the period since 1986, the standard error of the forecast produced in the Spring (budget time until 1993) is higher than that produced in the previous January.
(The standard error of the forecast errors is 2.1 percent.)
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