Amplitude-variation-with-offset (AVO) and elastic-impedance (EI) analysis use an approximate plane P-wave reflection coefficient as a function of angle of incidence. AVO and EI both can be used in a three-term or a two-term formulation. This study uses synthetic data to demonstrate that the P-wave primary reflections at large offsets can be contaminated by reflections from other wave modes that can affect the quality of three-term AVO or EI results. The coupling of P-waves and S-waves in seismic-wave propagation through finely layered media generates the interfering wave modes. A methodology such as prestack-wave-equation modeling can properly account for these coupling effects. Both AVO and EI also assume a convolutional model whose accuracy decreases as incidence angles increase. On the other hand, wave-equation modeling is based on the rigorous solution to the wave equation and is valid for any incidence angle. Because wave interference is minimal at small angles, a two-term AVO/EI analysis that restricts input from small angles is likely to give more reliable parameter estimates than a three-term analysis. A three-term AVO/EI analysis should be used with caution and should be calibrated against well data and other data before being used for quantitative analysis.