Which of the Following Settings Constitutes an Extrapolation

question 32

Multiple Choice

Which of the following settings constitutes an extrapolation?

• A) Using past sales and price information to make a forecast for next year's sales growth.
• B) Using past sales and price information to estimate last year's price elasticity of demand.
• C) Using 2014 and 2016 data on GDP to estimate GDP in the third quarter of 2015, which is missing.
• D) Using a randomized control trial to estimate the causal effect of the use of a cancer treatment on health outcomes.

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Definitions:

Plagiarism

The act of using someone else's work or ideas without proper attribution, presenting them as one's own.

Original Author

The first creator or writer of a particular piece of work.

Fourth Branch

A term sometimes used to refer to groups outside the three branches of government (executive, legislative, judicial) that influence policy, such as the media or independent regulatory agencies.

Democratic Society

A society in which the principles of democracy, such as equality, freedom, and justice, are practiced and upheld.