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.
BREAKING DOWN 'Confidence Interval'. In other words, a confidence interval is the probability that a value will fall between an upper and lower bound of a probability distribution. For example, given a 99% confidence interval, stock XYZ's return will fall between -6.7% and +8.3% over the next year.