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random coin flips and exponeous events

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Bob the Builder

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Q: What is based on prediction and extrapolation?
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What is making a forecast of what will happen in the future based on evidence or experience?

prediction; extrapolation.


To make generalizations about future events based on inferences from data?

Prediction... Foretelling... Extrapolation...


A simple statement about a future event based on previous knowledge of similar events is an?

* prediction * extrapolation


What are the kinds of prediction?

Interpolation and Extrapolation


What are the two kinds of prediction in science?

Interpolation & extrapolation


What is the prediction method used to estimate a point on a line that does not lie between the given points?

The answer is linear extrapolation.


When using the least-squares line for prediction are results more reliable for extrapolation or interpolation?

The results are more reliable for interpolation .


How could you test a prediction?

This is a process wherein a forecast of events is based on observation. Predictions can reliable only when there is regularity in the changes observed. Predictions are also safe if the variables can be controlled or if there are less variables that can possibly affect predictions. One can predict what is to happen at a certain time when predictions are based on observations and past experience. Predictions, therefore, can be within or beyond observed events.Interpolation is a prediction made based on observed data, while extrapolation is a forecast beyond observed data.


What is the difference between projection and prediction?

A great amount of confusion seem to have grown up in the use of words 'forecast', 'prediction' and 'projection'. A prediction is an estimate based solely in past data of the series under investigation. It is purely mechanical extrapolation. A projection is a prediction where the extrapolated values are subjects to a certain numerical assumptions. A forecast is an estimate which relates the series in which we are interested to external factors. Forecasts are made by estimating future values of the external factors by means of prediction, projection or forecast and from these values calculating the estimate of the dependent variable.


Differentiate between extrapolation and interpolation?

Extrapolation involves predicting values outside of the range of known data, while interpolation involves estimating values within the known data range. Extrapolation assumes that the pattern observed in existing data continues beyond what is measured, which can lead to more uncertainty compared to interpolation. Interpolation, on the other hand, is used to estimate values between existing data points.


Why there is no error analysis in prediction?

Since a prediction is based off of one's thoughts/understanding of the story.


What is a descriptive model based on a prediction?

hypothesis