What Is Extrapolation? (Definition, Benefits, How to Use) | Built In
What Is Extrapolation? (Definition, Benefits, How to Use) | Built In
5 months ago
builtin.com
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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