Identify which of the following is an interpolation or extrapolation prediction if the values X in Problem 12.1 range from 11 to 38 : a. 10 b. 25 c. 33 d. 41 | Numerade
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Identify which of the following is an interpolation or extrapolation prediction if the values X in Problem 12.1 range from 11 to 38 : a. 10 b. 25 c. 33 d. 41 | Numerade
Identify which of the following is an interpolation or extrapolation prediction if the values X in Problem 12.1 range from 11 to 38 : a. 10 b. 25 c. 33 d. 41
Apr 26, 2020
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SOLVED: The key distinction between extrapolation and interpolation isthat interpolation:involves causal estimates, while extrapolation involvescorrelations.involves linear functional forms, while extrapolation involvesnon-linear function forms.fills data gaps, while extrapolation fills beyond the extent ofthe data.can be used with control variables, while extrapolation must beused in conjunction with instrumental variables.
SOLVED: The key distinction between extrapolation and interpolation isthat interpolation:involves causal estimates, while extrapolation involvescorrelations.involves linear functional forms, while extrapolation involvesnon-linear function forms.fills data gaps, while extrapolation fills beyond the extent ofthe data.can be used with control variables, while extrapolation must beused in conjunction with instrumental variables.
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