Given x, a 95% prediction interval for a single value of y is always wider than a 95% confidence interval for the average value of y.

Question

Quizplus · Accepted Answer

A prediction interval accounts for the uncertainty in predicting a single value, which includes the variability of the individual values around the mean, making it wider than a confidence interval that estimates the uncertainty of the mean value itself.

Given X, a 95% Prediction Interval for a Single Value