IForecast.ConfidenceLevel

Syntax

ConfidenceLevel: Double;

Description

The ConfidenceLevel property determines significance of forecasting series confidence bounds, that is probability for the unknown parameter value to be covered by confidence range.

Comments

As a rule, significance of confidence limits is specified using 1-alpha value, where one of the standard significance levels (0.1, 0.05 or 0.01) is selected as alpha. For example, for alpha=0.05 confidence level equals to 1-0.05=0.95, that corresponds to 95%. This is default value.

The ConfidenceLevel property can take values within the range (0, 1).

Example

An example of use is given in the example for the IForecast.Value property.