Economics:explain the concept extrapolation​

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Extrapolation is defined as an estimation of a value based on extending the known series or factors beyond the area that is certainly known. In other words, extrapolation is a method in which the data values are considered as points such as x1, x2, ….., xn. commonly exists in statistical data very often, if that data is sampled periodically and it approximates the next data point. One such example is when you are driving, you usually extrapolate about road conditions beyond your sight.

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