In many statistical applications an interval is needed that will contain the values of all J future observations with some preassigned probability. For example, suppose twenty rockets have been fired in a test program and three have failed. If two more test programs are to be conducted, an interval that...
Given a sample from a population whose distribution belongs to a
parametric family we would like to make predictions on the outcome of
a statistic (generally the sample sum) of a future sample from the same
population. These predictions can be in the form of intervals with some
associated level...