🎉 🎉 RAPIDMINER 9.10 IS OUT!!! 🎉🎉
Download the latest version helping analytics teams accelerate time-to-value for streaming and IIOT use cases.
How to create confidence intervals for numeric prediction ?
I would like to know, how I can generate confidence intervals around the numeric predictions I get from different algorithms. I have around three years of data with values for my label, a shipment amount, that has to be processed. Until now I only used the RMSE, I got through the performance operator, to compare different algorithms or their parameters.
Can you please give me some advice how I could create confidence intervals, for example the 95% confidence around the predicted values, so I can show the users the expected range of shipments.
Thanks in advance.