Extrapolation, Advanced Statistics

This process of estimating from a data set those values lying beyond range of the data. In the regression analysis, for instance, a value of the response variable might be estimated from the ?tted equation for the new observation having values of explanatory variables beyond the range of those used in deriving equation. It is often a dangerous procedure.

Posted Date: 7/27/2012 7:04:49 AM | Location : United States

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