In this paper, we propose a novel lightweight learning from demonstration (LfD) model based on reservoir computing that can learn and generate multiple movement trajectories with prediction intervals, which we call as Context-based Echo State Network with prediction confidence (CESN+). CESN+ can generate movement trajectories that may go beyond the initial LfD training based on a desired set of conditions while providing confidence on its generated output. To assess the abilities of CESN+, we first evaluate its performance against Conditional Neural Movement Primitives (CNMP), a comparable framework that uses a conditional neural process to generate movement primitives. Our findings indicate that CESN+ not only outperforms CNMP but is also faster to train and demonstrates impressive performance in generating trajectories for extrapolation cases. In human-robot shared control applications, the confidence of the machine generated trajectory is a key indicator of how to arbitrate control sharing. To show the usability of the CESN+ for human-robot adaptive shared control, we have designed a proof-of-concept human-robot shared control task and tested its efficacy in adapting the sharing weight between the human and the robot by comparing it to a fixed-weight control scheme. The simulation experiments show that with CESN+ based adaptive sharing the total human load in shared control can be significantly reduced. Overall, the developed CESN+ model is a strong lightweight LfD system with desirable properties such fast training and ability to extrapolate to the new task parameters while producing robust prediction intervals for its output.