1. Discuss how confidence intervals can help in making decisions. Provide some e

1. Discuss how confidence intervals can help in making decisions. Provide some examples different from those in the chapter. 2. Under what circumstances can confidence intervals be applied to time‐series data? 3. Explain how a confidence interval changes with changes in the level of confidence and sample size. 4. What is a prediction interval and how does it differ from a confidence interval?

You may also like