In the context of regression, explain the difference between a confidence interval for a conditional mean and a prediction interval.

Question

Quizplus · Accepted Answer

The Answer is A confidence interval for a conditional mean is an interval estimate of the mean value of the response variable for all individuals with a particular value of the predictor variable. A prediction interval is an interval estimate of the value of the response variable for a single individual with a particular value of the predictor variable.

In the Context of Regression, Explain the Difference Between a Confidence