Interpolation vs. Extrapolation | Overview & Graphs
3:24
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Interpolation vs. Extrapolation | Overview & Graphs
This lesson uses examples of data analysis to explain the differences in interpolation and extrapolation predictions. Graphs are provided to help the reader visualize the examples and understand the process of using a straight-line graph to make predictions.
49K viewsNov 26, 2014
Interpolation and Extrapolation Examples
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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.
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