Interpolation in Statistics | Definition, Methods & Formula
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Study.comVanessa Botts
Interpolation in Statistics | Definition, Methods & Formula
Explore what interpolation is. Learn methods on how to interpolate including linear interpolation formula. Practice examples to interpolate between two points.
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Interpolation Vs Extrapolation
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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