26CONFIDENCE INTERVALS VS. CONFORMAL PREDICTIONS
What are the differences between confidence intervals and conformal predictions, and when do we use one over the other?
Confidence intervals and conformal predictions are both statistical methods to estimate the range of plausible values for an unknown population parameter. As discussed in Chapter 25, a confidence interval quantifies the level of confidence that a population parameter lies within an interval. For instance, a 95 percent confidence interval for the mean of a population means that if we were to take many samples from the population and calculate the 95 percent confidence interval for ...
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