in a form similar to the equation below.

Differentiating from the two-sided interval, the one-sided interval utilizes a level of confidence, ?, to construct a minimum or maximum bound which predicts the parameter of interest to ?*100% probability. Typically, a one-sided interval is required when the estimate's minimum or maximum bound is not of interest. When concerned about the minimum predicted value of ?, one is no longer required to find an upper bounds of the estimate, leading to a form reduced form of the two-sided.

As a

1.Previous
3.Next