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Confidence Interval
A compilation of values, resulting from the statistical study of samples, aimed to likely capture the value of an unknown population parameter.
Long-Run Average
Refers to the average of a set of values or outcomes over a long period of time, often used in economics to predict long-term equilibrium or trends.
Confidence Interval Estimate
A scope of values, sourced from sampling, anticipated to encapsulate the value of an unidentified population statistic.
Prediction Interval
A range of values that is likely to contain the value of an unknown parameter for future observations.
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