Confidence Intervals vs Prediction Intervals

Confusing the two can be costly. See how they differ and when to use each!

Michał Oleszak
Towards Data Science
7 min readNov 8, 2021

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Both confidence intervals and prediction intervals express uncertainty in statistical estimates. However, each pertains to uncertainty coming from a different source. Sometimes, one can calculate both for the same quantity, which leads to confusion and potentially…

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