Extrapolation: Difference between revisions
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imported>Doug Williamson m (Spacing and numbering) |
imported>Doug Williamson m (Spacing and indentation) |
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# 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.) | # 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 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. | ::Extrapolation can be particularly unreliable when historical trends - for example historic growth rates - are projected into future periods for planning purposes. | ||
== See also == | == See also == | ||
* [[Approximation]] | * [[Approximation]] | ||
* [[Interpolation]] | * [[Interpolation]] | ||
Revision as of 21:35, 13 August 2013
- A straight-line estimation method where the estimated result lies beyond the range spanned by two or more known data points.
- 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.
