Charts / Glossary
Confidence interval
A chart word, with the charts that use it.
Definition
A confidence interval is the range a value likely falls in, drawn as a band or a whisker. A wide interval means the value is less certain.
Updated Nov 2, 2026
- 01The estimateThe dot is the best guess for each carrier.
- 02The intervalThe line around it is the range it likely falls in.
Where you see it
015 · Forecast bandChange over time · Fintech data
050 · Dot plot with intervalsDistribution · Logistics data
Common mistakes
Reading the dot as certain
Two dots can differ while their intervals overlap. Read the intervals first.
Leaving out the level
Say what the interval covers, such as 95%, so readers know how sure it is.
Questions
What does a 95% interval mean?
If the measurement were repeated many times, about 95 in 100 such intervals would hold the true value.
How is a forecast band related?
It is the same idea over time: the range the future value likely falls in.
Related terms
- Range
- Whisker
- Distribution
Every chart word, A to Z.
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