An interval used to predict a future value is called a ______.

A) prediction interval
B) confidence interval
C) standard error
D) population interval

Prediction Interval

A prediction of the range within which future data points are expected to lie, based on current observations, with a specified level of confidence.

Confidence Interval

An interval of values, coming from sample-based data, likely to hold the value of an undetermined parameter of a population.

Standard Error

A statistical measure that represents the accuracy with which a sample distribution represents a population using the standard deviation.