prediktiointervallit
Prediction intervals are statistical tools used to estimate the range within which a future observation is likely to fall, given a certain level of confidence. They are an essential component of predictive modeling and are widely used in fields such as finance, engineering, and environmental science. Prediction intervals differ from confidence intervals, which estimate the range of the mean of a population, rather than individual observations.
There are two main types of prediction intervals: parametric and non-parametric. Parametric prediction intervals assume a
The width of a prediction interval is determined by the desired level of confidence. For example, a
Prediction intervals are particularly useful in situations where the goal is to make accurate forecasts about
In summary, prediction intervals are valuable tools for estimating the range of future observations and quantifying