Why is it logical to expect that the confidence interval should get wider and wider the further

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Why is it logical to expect that the confidence interval should get wider and wider the further we go in the future with our forecasts?

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Business Statistics Using Excel

ISBN: 9780199659517

2nd Edition

Authors: Glyn Davis, Branko Pecar

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Question Posted: Nov 28, 2023 02:40 AM

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Why is it logical to expect that the confidence interval should get wider and wider the further

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The expectation that the confidence interval should get wider as we project further into the future is often rooted in the inherent uncertainty associ...View the full answer

Business Statistics Using Excel

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