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Statistics Explained

Glossary:Interpolation

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Interpolation is a procedure to estimate an intermediate data value by the use of a formula. A common example is the quarterly estimation of output of non-pro…fit institutions serving households (NPISH) from annual national accounts.

A quarterly pattern for interpolation may be derived:

  • from previous (discontinued) survey data;
  • from proxy variables;
  • as a smooth mathematical function.

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