Examlex
What is the following table called?
Prediction Interval Estimate
A prediction interval estimate is a range of values that is likely to include the value of a single new observation predicated on the existing data set.
Confidence Interval Estimate
A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter at a specified confidence level.
Average Regression Interval
Average regression interval describes the range within which the average value of the dependent variable falls, based on a linear regression model.
X Versus Y Correlation Interval
A range of values that estimates the strength and direction of the linear relationship between two variables.
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