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For a simple linear regression model, a 100(1 − α) % prediction interval for a new value of Y when X = Xh is computed as
Critical Value
A threshold value used in hypothesis testing, which the test statistic must exceed in order to reject the null hypothesis.
Obtained Value
The actual value achieved from a statistical test, used to compare against the critical value to determine statistical significance.
Critical Value
A threshold in a statistical test that delineates the boundary for rejecting or not rejecting the null hypothesis.
Null Hypothesis
In statistical testing, the default hypothesis stating that there is no significant difference or effect.
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