Confidence interval: Difference between revisions

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An interval based on observations of a sample and so constructed so that there is a specified probability that the interval contains the unknown true value of a parameter.
An interval based on observations of a sample and so constructed so that there is a specified probability that the interval contains the unknown true value of a parameter.
In forecasting, confidence intervals can be illustrated in a fan chart.


== See also ==
== See also ==
* [[Confidence]]
* [[Confidence level]]
* [[Confidence level]]
* [[Fan chart]]
* [[Probability]]
* [[Probability]]
[[Category:The_business_context]]

Latest revision as of 22:12, 19 February 2024

Statistics.

An interval based on observations of a sample and so constructed so that there is a specified probability that the interval contains the unknown true value of a parameter.

In forecasting, confidence intervals can be illustrated in a fan chart.


See also