Examlex
Fill in the correct labels for the following figure using the word bank below.
-I ___________
Prediction Intervals
These are estimates that predict the range within which a future observation will fall, with a certain probability.
Confidence Intervals
A range of values, derived from sample data, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.
Wider
Broad or extended in range, scope, or breadth.
Narrower
Describes something that is more limited in width or scope compared to another.
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