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A prediction interval is a statistical range that is used to estimate the likely value of a single future observation based on a fitted model. It provides an interval that is expected to contain the actual value of that future observation with a specified level of confidence (e.g., 95% confidence).

Ancestors (6)

  1. Regression analysis
  2. Actuarial science
  3. Applied mathematics
  4. Fields of mathematics
  5. Mathematics
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