Interval estimation

In statistics, interval estimation is the use of sample data to estimate an interval of possible values of a parameter of interest. This is in contrast to point estimation, which gives a single value.

The most prevalent forms of interval estimation are confidence intervals (a frequentist method) and credible intervals (a Bayesian method). Less common forms include likelihood intervals, fiducial intervals, tolerance intervals, and prediction intervals. For a non-statistical method, interval estimates can be deduced from fuzzy logic.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.