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Concept
Linear Extrapolation
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Summary
Linear Extrapolation
is a
Method used to estimate
the
Value of a variable
outside the range of
Known data points
by assuming that the
Pattern observed within the data
continues beyond the
Known values
. While it is a simple and often useful
Predictive tool
, it can lead to
Significant inaccuracies
if the
Underlying trend
is not truly linear or if there are
Unaccounted external factors
Influencing the data
.
Concepts
Linear Regression
Slope
Intercept
Trend Line
Data Points
Predictive Modeling
Assumption Of Linearity
Outliers
Extrapolation Error
Interpolation
Extrapolation Methods
Extrapolation Of Test Data
Extrapolation Techniques
Interpolation And Extrapolation
Relevant Degrees
Probability and Statistics 60%
Computational Mathematics 30%
Mathematical Logic and Foundations 10%
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