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.
In statistics, a confidence interval is a type of interval estimate that is computed from the observed data. The confidence level is the frequency of possible confidence intervals that contain the true value of their corresponding parameter. In other words, if confidence intervals are constructed using a given confidence level in an infinite number of independent experiments, the proportion of those intervals that contain the true value of the parameter will match the confidence level. Confidenc