Extrapolation and Payor: Difference between pages

Revision as of 17:38, 31 October 2017

The party that issues a cheque. Sometimes spelt 'payer'.

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-# A straight-line estimation method where the estimated result lies beyond the range spanned by two or more known data points.
+The party that issues a cheque. Sometimes spelt 'payer'.
-# More generally, any estimation method where the estimated result lies beyond the range spanned by two or more known data points.  (Not necessarily using straight-line methods of estimation.)
-::Extrapolation is generally a less reliable estimation method than Interpolation.
-::Extrapolation can be particularly unreliable when historical trends - for example historic growth rates - are projected into future periods for planning purposes.
 == See also ==
-* [[Approximation]]
+* [[Cheque]] (US: check)
-* [[Interpolation]]
+* [[Payments and payment systems]]