Time Series Forecasting: Prediction Intervals | by Brendan Artley | Jun, 2022
Estimate the range of a future observation with confidenceTarget Image — By Afif KusumaForecasting in the real world is an important task. Consider forecasting energy demand, temperature, food supply, and health indicators just to name a few. Getting an inaccurate forecast in these cases can have a significant impact on people’s lives.This is where prediction intervals can help. Prediction intervals are used to provide a range where the forecast is likely to be with a specific degree of confidence. For example, if you…