AI engineering glossary · Statistics inference
What is credible interval?
Credible interval: A range that contains a parameter with a stated posterior probability, such as 95 percent. Unlike a confidence interval, it can be read directly as the probability that the parameter lies inside.
Credible interval: an example
A posterior for conversion rate gives a 95 percent credible interval of 4.6 to 7.4 percent.
Related terms
More Statistics inference terms
- Critical value
- Degrees of freedom
- Difference-in-differences
- Effect size
- Efficiency
- Estimator
- F-test
- False discovery rate
Where you learn it
Credible interval is part of the AI Engineering Program, which teaches it with notes, a hands-on lab and an exam. The first lesson is free.