In regression, the two types of interval estimates concerning y are called ________.
A) significance interval and prediction interval
B) confidence interval and significance interval
C) confidence interval and prediction interval
D) significance interval and frequency interval

Question

Quizplus · Accepted Answer

Confidence interval estimates the range of values in which the true mean of y lies with a given level of confidence while prediction interval estimates the range of values for individual observations of y with a given level of confidence. The other options are incorrect because a significance interval and frequency interval are not used in regression estimation.

In Regression, the Two Types of Interval Estimates Concerning Y