Day 4 - Linearization
Day 4 - Linearization
Petroleum is the most important source of energy for the developed nations and has been the cause of
economic dislocation and even war. The following table shows the growth of annual world crude oil
production, measured in millions of barrels per year.
(d) Find the equation of the linear regression line? Define the variables used.
(e) Find r and r2. What do they tell you about the linear model?
(g) Take the logarithm of each y-value in the table above. Now find the linear regression line between
x and log y.
(h) Re-calculate r and r2. Is this new model better or worse? Explain.
(i) Use the new model to predict the number of barrels produced in 1932.
(j) Use your new model to predict the year in which 3,000 million barrels were produced.
(k) Use your new model to predict number barrels produced in 1980.
Page 1
The following table gives the resident population of the United States from 1790 to 2000, in millions of
persons:
(d) Find the equation of the linear regression line? Define the variables used.
(e) Find r and r2. What do they tell you about the linear model?
(g) Take the logarithm of each y-value in the table above. Now find the linear regression line between
x and log y.
(h) Re-calculate r and r2. Is this new model better or worse? Explain.
(i) Use the new model to predict the population of the United States in 1914.
(j) Use your new model to predict the year in which there were 20 million people in the United States.
(k) Use your new model to predict the population of the United States in 2020.
Page 2