As big data continues down its path of growth, there is no doubt that these innovative approaches  utilizing NoSQL database architecture and Hadoop software  will be central to allowing companies reach full potential with data.
This is a predictive confidence interval in the sense that if one uses a quantile range of 100p%, then on repeated applications of this computation, the future observation X n + 1 {\displaystyle X_{n+1}} will fall in the predicted interval 100p% of the time.
Confidence Intervals. In statistical inference, one wishes to estimate population parameters using observed sample data. A confidence interval gives an estimated range of values which is likely to include an unknown population parameter, the estimated range being calculated from a given set of sample data.