0
$\begingroup$

My question is quite a general one.

Can I use the width of the confidence interval (let's say a 95% confidence interval) to find out how confident my model is while doing time series forecasting? I am thinking that as we go on forecasting in the future, the width of the confidence interval increases, and maybe after a threshold we can say that model is not confident enough to do forecasting. Is this a correct line of thinking?

Otherwise is there any other way I can use to determine how confident my model is and hence how much further in the future I can forecast?

$\endgroup$

0

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.