Examlex
Which of the following statements is true?
Prediction Interval
A range of values that is likely to contain the value of an unknown future observation within a specified confidence level.
Spread Residuals
The differences between observed values and the values predicted by a model, spread across the range of predicted values.
Confidence Interval
A range of values, derived from the sample data, that is believed to contain the true population parameter with a certain level of confidence.
Normality
Normality is a statistical assumption that data or errors are distributed in a normal (or Gaussian) pattern, centered around the mean with symmetrical variability.
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