An interval used to predict a future value is called a ______.
A)prediction interval
B)confidence interval
C)standard error
D)population interval

Question

Quizplus · Accepted Answer

A prediction interval is specifically designed to give an estimate or prediction of a future value. A confidence interval, on the other hand, is focused on estimating a parameter of a population. Standard error is a measure of the variability of a statistic, while population interval is not a commonly used statistical term.

An Interval Used to Predict a Future Value Is Called