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Assignment 2 Function and Models

This document discusses modeling population growth data using linear and exponential regression models in Excel. [1] The best fit linear regression line had a correlation coefficient of 0.9798 while the exponential model had a higher coefficient of 0.997, showing it better fits the curvilinear data pattern. [2] The models were used to predict 2040 world population, with estimates of 8.61 billion from linear and 24.3 billion from exponential regression. [3] The linear model provided a closer prediction to current population projections.

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Eugen Odoje
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29 views8 pages

Assignment 2 Function and Models

This document discusses modeling population growth data using linear and exponential regression models in Excel. [1] The best fit linear regression line had a correlation coefficient of 0.9798 while the exponential model had a higher coefficient of 0.997, showing it better fits the curvilinear data pattern. [2] The models were used to predict 2040 world population, with estimates of 8.61 billion from linear and 24.3 billion from exponential regression. [3] The linear model provided a closer prediction to current population projections.

Uploaded by

Eugen Odoje
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Assignment 2 Function and Models

Name

Institution

Course

Instructor

Date
2

Math Problem

a) Use Excel to make a line graph of the following data showing the World’s population growth in

billions.

b)

b) Then find the best fit regression line and the best fit exponential function and add these to your

chat.
3

i) The best fit line (LR Model) for data is the ORL shown in the first graph.

ii) Best Fit line for exponential regression equation is shown in the second graph

c) Used the excel to find the correlation coefficient for the two model.

i) Linear

The correlation coefficient (R) is given as LR model =sqrt (R sq) = 0.9798

ii) Exponential

sqrt (R sq) = 0.997….. We can conclude that the exponential regression model appears to be superior

to the linear regression model, based on the best fit line for exponential regression. This is because

the data points have a curvilinear pattern that can be explained by the exponential regression

equation, as opposed to a simple regression model, which is more complex.

Does either model fit the data to an acceptable level? Which one do you think is better?

The regression linear model fits better than the regression exponential model as seen in the previously

graphs

d) Use your answer to a) and b) to predict the world population size in 2040.

Y = -121.46 =0.063760218*(2040) est y (2040) = 8.61

The regression exponential model

X = 2040 -1927=113

Y = (0.4922193673)*(1.035109052) 113. Est y (2040) = 24.2990188

LR 8.612. Exp 11.93925

2. Linear Versus Exponential.


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Use excel to graph the model


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b)
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b)
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3. Bulk Order Discount


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References.

Kibria, B. M., & Lukman, A. F. (2020). A new ridge-type estimator for the linear regression model:

Simulations and applications. Scientifica, 2020.

Permai, S. D., & Tanty, H. (2018). Linear regression model using bayesian approach for energy

performance of residential building. Procedia Computer Science, 135, 671-677.

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