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

Statistics to support learning, Scenario: Many of the years 5 and year 6 l...

Scenario: Many of the years 5 and year 6 learners' at Woodlands Park School were excited about being chosen for the cross-country team.  Every day, they were able to run laps of t

Simple linear regression, For each of the following situations choose the s...

For each of the following situations choose the statistical model that you find to be the most appropriate. Justify your choice. a) We are interested in assessing the effects of

Normal distribution, Normal Distribution Meaning: According  to ya Lu...

Normal Distribution Meaning: According  to ya Lun Chou  There perfectly smooth and symmetrical  curve, resulting  from the expansion of the binomial (p+q) n    when n approac

Importance and application of probability, Importance and Application of pr...

Importance and Application of probability: Importance of probability theory  is in all those areas where event are not  certain to take place as same  as starting with games of

Evaluate the probability, "MagTek" electronics has developed a smart phone ...

"MagTek" electronics has developed a smart phone that does things that no other phone yetreleased into the market-place will do. The marketing department is planning to demonstrate

Kurtosis and skew, how to interpret results, a good explanation to help me ...

how to interpret results, a good explanation to help me understand.

Probability of remaining paint free, In a three-cornered paint ball duel, A...

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. The three paint ballers have different probabiliti

HLT 362, What is an interaction? Describe an example and identify the varia...

What is an interaction? Describe an example and identify the variables within your population (work, social, academic, etc.) for which you might expect interactions?

Standard cost method, Under the standard cost method which is also referred...

Under the standard cost method which is also referred as the standard cost method ,stock receipts are assigned a standard cost. Any variations between the actual cost and standard

Time series, Year Production 2006 8 2007 6 2008 10 2009 12 2010 11 2011 15 ...

Year Production 2006 8 2007 6 2008 10 2009 12 2010 11 2011 15 2012 14 2013 16 Determine the trend from data given above?

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