Question: Are prediction intervals and confidence intervals the same? A confidence interval is an interval associated with a parameter and is a Bayesian concept A confidence

Are prediction intervals and confidence intervals the same? A confidence interval is an interval associated with a parameter and is a Bayesian concept A confidence interval is an interval associated with a parameter and is a frequentist concept A 95% confidence interval will contain the true parameter with probability 0.05 is known A prediction interval is an interval associated with a non-random variable yet to be observed, with a specified probability of the random variable lying within the interval

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