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Confidence Interval vs Credible Interval for the Variance
I understand the conceptual difference between confidence and credible intervals. But I have difficulties applying these concepts to my application.
I would like to know the concrete difference ...
- 435
1
vote
1
answer
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Confidence Interval derivation
I am predicting a "yearly cumulative variable" from monthly results.
I use $Y_j = \sum_{i=1}^j (X_i) / f_i$ where $j$ is the current month.
I know the $f$ from history; e.g. January = .073, ...
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