Filter by Categories
Accounting
Banking

Risk Management




CI


It stands for confidence interval; a statistical measure that represents the mean of an estimate plus and minus the variation in that estimate. It produces or defines a range of values within which an estimate is expected to fall, and within a certain level of confidence.

In frequentist statistics, a confidence interval is an range which is expected to typically contain the parameter being estimated. At a given a confidence level, a confidence interval (CI) is a random interval within which the parameter being estimated falls for a certain percentage of the time.

A confidence interval represents the probability that a population parameter (a measurement) will fall within a certain range defined by two set values (upper and lower). It tells how precise the measurement is.



ABC
Risk management is a collection of tools, techniques and regimes that are used by businesses to deal with uncertainty. This involves planning and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*