Probability, Part 6: Confidence and (vs) Prediction Intervals

Bayesian Video:

Probability, Part 4: Super Simple Exp...

Reason 95% confidence interval does not mean there's a 95% probability of the interval containing the true value:

https://featuredcontent.psychonomic.o...

Learning objectives:

#1. Difference between point estimate and confidence interval
#2. What a confidence interval tells you
#3. What a prediction interval tells you
#4 What a confidence interval can be used for
#5. The correct interpretation of a CI

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• #confidence_intervals
• #prediction_intervals
• #estimation
• #statistics