An article about computer forecasting software explained how to gauge the uncertainty in a prediction: [Calculate] the
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An article about computer forecasting software explained how to gauge the uncertainty in a prediction: “[Calculate] the standard deviation and mean (average) of the data.
As a good first guess, your predicted value … is the mean value, plus or minus one standard deviation—in other words, the uncertainty is about one standard deviation”
[12]. What did they overlook?
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Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
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