This shows you the differences between two versions of the page.
difference_between_prediction_and_confidence_intervals [2018/12/19 11:35] (current)
|Line 1:||Line 1:|
|+||<blockquote>The key point is that the confidence interval tells you about the likely location of the true population parameter. ... Prediction intervals must account for both the uncertainty in knowing the value of the population mean, plus data scatter. So a prediction interval is always wider than a confidence interval.|