3 ms·
This article presents standard error as the quantity representing "by how much our prediction could be off" without mentioning that this is only so for a single
by feanaro 7y ago
This article presents standard error as the quantity representing "by how much our prediction could be off" without mentioning that this is only so for a single standard deviation.
For a normally distributed value, one standard deviation only covers around 68% of the cases so you'd have to at least double that error value if you want to be pretty sure of your conclusion (which would then cover around 95% of the cases).