What is the difference between interpolation and extrapolation?

Definitions

- Referring to the estimation of values within a set of known data points. - Used in mathematics, statistics, and computer science to predict values between two known data points. - Describing the process of filling in missing data points within a range of known data points.

- Referring to the estimation of values beyond a set of known data points. - Used in mathematics, statistics, and science to predict values outside the range of known data points. - Describing the process of extending a trend or pattern beyond the available data points.

List of Similarities

  • 1Both involve estimating values based on known data points.
  • 2Both are used in mathematics, statistics, and science.
  • 3Both can be used to predict future trends or patterns.
  • 4Both require a set of known data points to work with.
  • 5Both can be used to fill in gaps in data.

What is the difference?

  • 1Scope: Interpolation estimates values within a set of known data points, while extrapolation estimates values beyond the known data points.
  • 2Accuracy: Interpolation is generally more accurate than extrapolation since it is based on known data points.
  • 3Risk: Extrapolation carries a higher risk of error since it involves predicting values outside the known data range.
  • 4Purpose: Interpolation is used to estimate values within a range, while extrapolation is used to predict values beyond the range.
  • 5Application: Interpolation is commonly used in computer graphics and image processing, while extrapolation is often used in economics and finance.
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Remember this!

Interpolation and extrapolation are both methods of estimating values based on known data points. However, interpolation estimates values within a set of known data points, while extrapolation estimates values beyond the known data points. Interpolation is generally more accurate but has a limited scope, while extrapolation carries a higher risk of error but can predict values beyond the known range.

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