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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.

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16y ago

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