Question: In the simple linear regression model, confidence and prediction intervals are utilized to provide interval estimates for an average and a particular value, respectively, of

In the simple linear regression model, confidence and prediction intervals are utilized to provide interval estimates for an average and a particular value, respectively, of the dependent variable. The linear trend model in time series is an application of simple linear regression. This being said, discuss whether a confidence or a prediction interval is the relevant interval estimate for a linear trend model’s forecast.

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