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Confidence interval of the prediction

By Jim Frost

A confidence interval of the prediction provides a range of values for the mean response associated with specific predictor settings. For example, for a 95% confidence interval of the prediction of [7 8], you can be 95% confident that the mean response will fall within this range.

The prediction interval is always wider than the confidence interval because of the added uncertainty involved in predicting a single response versus the mean response.

Related

Related Articles:
  • Confidence Intervals vs Prediction Intervals vs Tolerance Intervals
  • Glossary: Prediction intervals [PI]

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