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Prediction Band / Prediction Interval

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Prediction Band / Prediction Interval - definition(s)

Prediction Band (or Prediction Interval) - Measurement of the certainty of the scatter about a certain regression line. A 95% prediction band indicates that, in general, 95% of the points will be contained within the bands.

[Category=Data Quality ]

Source: iSixSigma, 11 February 2011 10:59:46, External 

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