False negative and Fan chart: Difference between pages

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imported>Doug Williamson
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''Statistics''.  
''Forecasting''.
 
Fan charts are designed to illustrate the risks surrounding forecasts, often based on past forecast errors.
 
They show a central best-estimated future path, together with widening bands around it, indicating the probabilities and confidence intervals around the central forecast.


A Type II error.


== See also ==
== See also ==
* [[False positive]]
*[[Confidence interval]]
* [[Hypothesis testing]]
*[[Consensus forecast]]
* [[Type II error]]
*[[Forecast]]
 
[[Category:Knowledge_and_information_management]]
[[Category:The_business_context]]

Revision as of 15:11, 5 June 2018

Forecasting.

Fan charts are designed to illustrate the risks surrounding forecasts, often based on past forecast errors.

They show a central best-estimated future path, together with widening bands around it, indicating the probabilities and confidence intervals around the central forecast.


See also