Interpolation and extrapolation, Applied Statistics

Assignment Help:

Meaning of Interpolation and Extrapolation

Interpolation is a method of estimating the most probable  missing figure on  the basis of given data under certain assumptions. On the other head if such figure is required   to be  estimated  for the future period   outside the series, it  is called extrapolation .In the words of Hirish. Interpolation  is the estimating of a most likely estimate under given conditions. The  technique  of estimating  a past  figure  is termed as interpolation , while estimating  for future is called  extrapolation, W.M. Harper has  defined  as interpolation consists in reading  a value  which  lies between  two extreme points. Extrapolation  means reading a values  that lies outside the two  extreme points. 


Related Discussions:- Interpolation and extrapolation

Determine nash equilibria, Two students are sitting in a lecture and consid...

Two students are sitting in a lecture and considering whether to ask a question from the professor (both of them are considering the same question). If they both ask, the questi

Standard error, Standard Error The measure of reliability of the estima...

Standard Error The measure of reliability of the estimating equation that we have developed is given by standard error of estimate. The standard error of estimate represented b

Data project, Dr. Jim Mirabella UNIT EIGHT: DATA ANALYSIS PROJECT All Excel...

Dr. Jim Mirabella UNIT EIGHT: DATA ANALYSIS PROJECT All Excel output should be copied into a single Word document where you must enter all of your responses to the questions below.

Find probability of remaining paint free - ball duel, In a three-cornered p...

In a three-cornered paint ball duel, A, B, and C successively take shots at each other until only one of them remains paint free. Once hit, a player is out of the game and gets no

Luxury goods higher for men than for women, According to a recent study, wh...

According to a recent study, when shopping online for luxury goods, men spend a mean of $2,401, whereas women spend a mean of $1,527. Suppose that the study was based on a sample o

Box plot of income, The box plot displays the diversity of data for the inc...

The box plot displays the diversity of data for the income; the data ranges from 20 being the minimum value and 1110 being the maximum value. The box plot is positively skewed at 4

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd