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Unformatted text preview: prediction interval? Student Answer: Addition of "1" under the radical for the prediction interval. Confidence interval uses the standard error of estimate and the prediction interval does not. Prediction interval refers to a specific case. Confidence interval is narrower than the prediction interval. Points Received: 1 of 1 Comments: 3. Question : What is the measure that indicates how precise a prediction of Y is based on X or, conversely, how inaccurate the prediction might be? * Times are displayed in (GMT-06:00) Central Time (US & Canada)...
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This note was uploaded on 10/07/2011 for the course EC 315 taught by Professor Barcus during the Spring '10 term at Park.
- Spring '10