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:
“False shame accompanies a man that is poor, shame that either harms a man greatly or profits him; shame is with poverty, but confidence with wealth.”
—Hesiod (c. 8th century B.C.)
“Firm, united, let us be,
Rallying round our Liberty;
As a band of brothers joined,
Peace and safety we shall find.”
—Joseph Hopkinson (1770–1842)