Extrapolated
Extrapolated refers to something derived by extrapolation, the act of estimating a value or outcome beyond the known data by extending a trend or pattern. In mathematics and statistics, extrapolation is the process of using a model fitted to observed data to predict values outside the range of the data. It relies on the assumption that the identified relationship continues beyond the observed interval. Interpolation estimates within the range, while extrapolation extends beyond it, which makes it more uncertain.
Common methods include linear extrapolation, where a constant rate of change is assumed; polynomial and spline
Applications of extrapolation occur across fields. In finance, it is used to project earnings or growth trends.
Limitations and risks include the possibility that trends do not persist, or external factors alter the relationship.
Etymology: from Latin extrapolare, meaning to push beyond. The term extrapolated describes a value or result