Advanced Quantitative Methods
Kriging is a statistical interpolation technique used in geostatistics that predicts the value of a random field at an unobserved location based on the values observed at nearby locations. This method relies on the spatial correlation between data points and provides a best linear unbiased estimate, often minimizing the prediction error variance. By utilizing models of spatial continuity, kriging allows for effective mapping and estimation in various fields such as mining, environmental science, and meteorology.
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