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Prediction intervals: Placing real bounds on regression-based allometric estimates of biomass
1School of Earth and Environmental Sciences, University of Adelaide, SA 5005, Australia.
Abstract:
Biomass allometry studies routinely assume that regression models can be applied across species and sites, and that goodness of fit of a regression model to its derivation dataset indicates both the relevance of the model to a new dataset and the likely error. Assuming that a model is relevant for a new sample, a prediction interval is a useful error measure for stand mass. Prediction coverage tests whether the model and hence the interval are appropriate in the new sample. Data for three similar shrubby species from four similar sites were combined in various ways to test the impact of varying levels of biodiverse heterogeneity on the performance of the four models most commonly used in published biomass studies. No one model performed consistently well predicting new data, and validation checks were not good indicators of prediction coverage. The highly variable results suggest that the common models might contain insufficient variables. Euclidean distance was used to quantify the relative similarity of samples as a possible means of estimating prediction coverage; it proved unsuccessful with these data.
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Prediction Intervals
However, the point estimate is most likely not the exact value of the population parameter, but close to it. After calculating point estimates, we construct interval estimates, called confidence intervals or prediction intervals. This prediction interval comprises a range of values unlike the point estimate and is a better predictor of the observed sample value, y.
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The confidence interval estimate will have the form as follows:
(point estimate - error bound, point estimate +...
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