What is trend extrapolation? the process of converting intuition and hunches into reality. the extension of present trends into the future. process of asking some authorities in the area to make an "informed guess" about the future. given a large amount of historical data on certain interrelated factors, one attempts to conceptualize alternative future detecting faulty underlying assumptions before forecasting errors can occur?

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Jaden Humphrey

Business

12 April, 04:56

What is trend extrapolation? the process of converting intuition and hunches into reality. the extension of present trends into the future. process of asking some authorities in the area to make an "informed guess" about the future. given a large amount of historical data on certain interrelated factors, one attempts to conceptualize alternative future detecting faulty underlying assumptions before forecasting errors can occur?

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Harley Griffin · Answer 1

A trend extrapolation is detecting faulty underlying assumptions before forecasting errors can occur. This is to allow forecasters to place a trend that is evident over time, and then calculate it forward base on the calculated data relating rates of change. An example is detecting the climate of the day. Forecasting it is not easy since analysts have to extrapolate the past data to predict the future event.