DefinitionIn terms of estimation of unknown values from the data points, interpolation and extrapolation are implemented. When interpolation is the estimation of the values between the data, then extrapolation is the estimation of the data outside the range. They are in high-usage for making predictions, filling in missing data, and in decision making in the realms of data analytics, numerical analysis, and scientific studies. Example: Linear interpolation implements the formula y=y1+(x−x1)x2−x1y2−y1 for y values between known data points (x1,y1) and (x2,y2). For example, extrapolation can predict future values based on past trends by applying a fitted curve.