Final answer:
False. Prediction intervals actually get wider as we extrapolate outside the range of the data.
Step-by-step explanation:
False. Prediction intervals actually get wider as we extrapolate outside the range of the data. This is because the uncertainty in our predictions increases when we move further away from the observed data. As we go beyond the range of the data, the prediction intervals need to account for the increased variability and uncertainty in the extrapolated values. Therefore, the prediction intervals become wider to capture this increased uncertainty.