Hi Paul,
thanks for the elaborated explanation.
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The values in the errts do reflect BOLD % signal change. I might just state it as "BOLD % signal change." I guess you could state it as "0.34% BOLD signal change from estimated baseline", but I would not state "0.34% BOLD signal change from errts baseline of 0". Maybe that is splitting hairs, but the latter seems different.
I totally get your point. It makes sense and I also agree with you. The "baseline" in the errts is an estimation and nothing ultra precise, so we have to formulate it more carefully so to speak.