Prediction interval (P.I.) is always narrower than confidence interval (C.I.) because there is less uncertainty in predicting an actual observation than estimating the average. O True O False
Prediction interval (P.I.) is always narrower than confidence interval (C.I.) because there is less uncertainty in predicting an actual observation than estimating the average. O True O False
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Prediction interval (P.I.) is always narrower than confidence interval (C.I.) because there is less uncertainty in predicting an actual observation than estimating the
average.
True
False
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Prediction interval is always wider than the confidence interval, because as the sample size increases prediction interval will not converge to a single value.
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