ABSTRACT
Statistical prediction is the process by which values for unknown observables (potential
observations yet to be made or past ones which are no longer available) are inferred based
on current observations and other information at hand. Whereas statistical estimation is
concerned about how to get information on a distribution, usually its parameters, per-
centiles, DF, CDF or CCDF, the aim of prediction is to make inference on the value of
some statistic of a sample and to enclose it within prediction limits.
