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]] | |||
* [[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.
