What does prediction interval mean?
Definitions for prediction interval
pre·dic·tion inter·val
This dictionary definitions page includes all the possible meanings, example usage and translations of the word prediction interval.
Wikipedia
Prediction interval
In statistical inference, specifically predictive inference, a prediction interval is an estimate of an interval in which a future observation will fall, with a certain probability, given what has already been observed. Prediction intervals are often used in regression analysis. Prediction intervals are used in both frequentist statistics and Bayesian statistics: a prediction interval bears the same relationship to a future observation that a frequentist confidence interval or Bayesian credible interval bears to an unobservable population parameter: prediction intervals predict the distribution of individual future points, whereas confidence intervals and credible intervals of parameters predict the distribution of estimates of the true population mean or other quantity of interest that cannot be observed.
Numerology
Chaldean Numerology
The numerical value of prediction interval in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of prediction interval in Pythagorean Numerology is: 7
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"prediction interval." Definitions.net. STANDS4 LLC, 2023. Web. 2 Jun 2023. <https://www.definitions.net/definition/prediction+interval>.
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