Extrapolation: What’s the Difference? • Two terms that we often get confused are interpolation and extrapolation.
• Here’s the difference:
• Interpolation refers to predicting values that
are inside of a range of data points.
• Extrapolation refers to predicting values that
are outside of a range of data points. Example: Interpolation vs. Extrapolation
• When we use the fitted regression model to predict the
values of points inside the existing range of data points it is known as interpolation. • Conversely, when we use the fitted regression model to predict the values of Horner’s Method • Horner's Method, also known as Horner's Rule or Horner's Scheme, is a technique used for efficiently evaluating polynomials. • Named after the British mathematician William George Horner. • This method allows us to compute the value of a polynomial in a specific form without explicitly expanding and evaluating each term separately. Polynomial Form:
• Horner's Method is particularly useful for polynomials in the form
P(x)=+ + ……….. … …… + Algorithm: • Start • Enter the degree of polynomial,say n • Enter the value at which polynomial to be evaluated,x • Initially set = • While n>0 *x • End While Loop • Display the value of which is the value of polynomial at x • End Benefits&Applications 1.Benefits: Horner's Method is advantageous because it reduces the number of multiplications required compared to expanding the polynomial. This efficiency is particularly important in computational applications, especially when dealing with high-degree polynomials.
2.Applications: Horner's Method is commonly used in numerical
analysis, computer algebra systems, and various computational algorithms where polynomial evaluation is a frequent operation.