A confidence band is used in statistical analysis to represent the uncertainty in an estimate of a curve or function based on limited or noisy data. Confidence bands are often used as part of the graphical presentation of results in a statistical analysis. Confidence bands are closely related to confidence intervals, which represent the uncertainty in an estimate of a single numerical value. "As confidence intervals, by construction, only refer to a single point, they are narrower (at this point) than a confidence band which is supposed to hold simultaneously at many points."
Read more about Confidence Band: Pointwise and Simultaneous Confidence Bands, Confidence Bands in Regression Analysis, Other Applications of Confidence Bands, Prediction Bands
Famous quotes containing the words confidence and/or band:
“We simply must have faith in each other, faith in our ability to govern ourselves, and faith in the future of this Nation. Restoring that faith and that confidence to America is now the most important task we face.”
—Jimmy Carter (James Earl Carter, Jr.)
“Citizen’s Band radio renders one accessible to a wide variety of people from all walks of life. It should not be forgotten that all walks of life include conceptual artists, dry cleaners, and living poets.”
—Fran Lebowitz (b. 1950)