Fewpal
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Write down the assumptions of interpolation and extrapolation.

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  • The assumptions made in interpolation and extrapolations are: 
  • There are no sudden jumps in the values of dependent variable(Y) from one period to another(X). 
  • The rate of change of figures (Y) from one period to another(X) is uniform. 
  • There will be no consecutive missing values in the series.

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