Prediction of the Value of the Dependent Variable Outside the Experimental

question 2

Multiple Choice

Prediction of the value of the dependent variable outside the experimental region is called

• A)interpolation.
• B)forecasting.
• C)averaging.
• D)extrapolation.

---

Definitions:

Tabular Analysis

The use of tables to systematically organize and evaluate data or information for the purpose of analysis or decision making.

Alternatives

Different options or courses of action available for consideration in decision-making processes.

Perfect Information

A concept in game theory and economics wherein all participants have access to all relevant information to make informed decisions.

Expected Value

A calculated average of all possible outcomes of a random variable, weighted by the probability of each outcome occurring.