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

Active control equivalence studies (aces), Active Control Equivalence Studi...

Active Control Equivalence Studies (ACES) Clinical trials the field in which the object is easy to show that the new treatment is  as good as the existing treatment. Such type

Find the distribution, The Elementary Teachers' Federation of Ontario make ...

The Elementary Teachers' Federation of Ontario make the following claim on their website as of February 13, 2013: For years, the Elementary Teachers' Federation of Ontario (ETFO

Control chart, construction of control chart,n chart

construction of control chart,n chart

Regression model, A real estate agency collected the data shown below, wher...

A real estate agency collected the data shown below, where           y  = sales price of a house (in thousands of dollars)           x 1 = home size (in hundreds of square f

Analysis of variance (anova), Analysis of variance allows us to test whethe...

Analysis of variance allows us to test whether the differences among more than two sample means are significant or not. This technique overcomes the drawback of the method used in

Estimate a linear probability model, Estimate a linear probability model: ...

Estimate a linear probability model: Consider the multiple regression model: y = β 0 +β 1 x 1 +.....+β k x k +u Suppose that assumptions MLR.1-MLR4 hold, but not assump

Calculate the seasonal indexes , The total number of overtime hours (in 100...

The total number of overtime hours (in 1000s) worked in a large steel mill was recorded for 16 quarters, as shown below. Year Quarter Overtime hour

Find the mean and standard deviation, Problem : A company supplying ele...

Problem : A company supplying electrical products, places a rush order for electric wires. Consignments of wires are to be sent immediately when they are available. Previous

Calculation of degrees of freedom, Calculation of Degrees of Freedom Fi...

Calculation of Degrees of Freedom First we look at how to calculate the number of DOF for the numerator. In the numerator since we calculate the variance from the sample means,

Expected utility maximizer, The investor has constant wealth 1 and is o?ere...

The investor has constant wealth 1 and is o?ered to invest in shares of a project that either gains 3=2 or loses 1 with equal probabilities. Therefore, if the investor obtains sha

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