Currently, when we form prediction intervals via simulation, we take the alpha/2 and 1 - alpha/2 quantiles of the simulations to compute the interval estimate. Another method would be to provide the shortest intervals such that (1 - alpha)*M simulations lie inside. M is the total numbers of simulations set by nSims.
Currently, when we form prediction intervals via simulation, we take the alpha/2 and 1 - alpha/2 quantiles of the simulations to compute the interval estimate. Another method would be to provide the shortest intervals such that (1 - alpha)*M simulations lie inside. M is the total numbers of simulations set by nSims.