Estimating confidence intervals, part 2
Here is another data point from my attempt to estimate 90% confidence intervals. This plot shows my daily estimates for completing a feature I was working on.
The dashed line is the “truth”: it’s what my estimate would have been if I had estimated perfectly each day. The shaded region represents my 90% confidence estimate: I was 90% confident that the amount of time left fell into that region. The solid line is the traditional pointwise effort estimate: it was my best guess as to how many days I had left before the feature would be complete.
For this feature, I significantly underestimated the effort required to complete it. For the first four days, my estimates were so off that my 90% confidence interval didn’t include the true completion time: it was only correct 60% of the time.
This plot shows the error in my estimates for each day:
Apparently, I’m not yet a well-calibrated estimator. Hopefully, that will improve with further estimates.