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Construction of Confidence Interval for a Univariate Stock Price Signal Predicted Through Long Short Term Memory

Shankhajyoti De1, Arabin Kumar Dey1, Deepak Kumar Gouda1

  • 1Department of Mathematics, IIT Guwahati, Guwahati, India.

Annals of Data Science
|April 16, 2024
PubMed

Keywords:
BootstrapConfidence intervalForecastingLSTM

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An unbiased point estimate is often insufficient to predict a population estimate, such as population mean or population proportion. In this scenario, a confidence interval is used. A confidence interval is an estimate similar to a  sample proportion. However, unlike the point estimate which is a single value, the confidence interval  contains a range of values. These values have lower and upper limits, known as confidence limits, and can be designated as L1 and L2, respectively.
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A confidence interval is a better estimate of the population than a point estimate, as it uses a range of values from a sample instead of a single value.
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