[link] shows the population, in thousands, of harbor seals in the Wadden Sea over the years 1997 to 2012.
Year
Seal Population (Thousands)
Year
Seal Population (Thousands)
1997
3.493
2005
19.590
1998
5.282
2006
21.955
1999
6.357
2007
22.862
2000
9.201
2008
23.869
2001
11.224
2009
24.243
2002
12.964
2010
24.344
2003
16.226
2011
24.919
2004
18.137
2012
25.108
Let
represent time in years starting with
for the year 1997. Let
represent the number of seals in thousands. Use logistic regression to fit a model to these data.
Use the model to predict the seal population for the year 2020.
To the nearest whole number, what is the limiting value of this model?
The logistic regression model that fits these data is
If the population continues to grow at this rate, there will be about
seals in 2020.
To the nearest whole number, the carrying capacity is 25,657.
Visit
this website for additional practice questions from Learningpod.
Key concepts
Exponential regression is used to model situations where growth begins slowly and then accelerates rapidly without bound, or where decay begins rapidly and then slows down to get closer and closer to zero.
We use the command “ExpReg” on a graphing utility to fit function of the form
to a set of data points. See
[link] .
Logarithmic regression is used to model situations where growth or decay accelerates rapidly at first and then slows over time.
We use the command “LnReg” on a graphing utility to fit a function of the form
to a set of data points. See
[link] .
Logistic regression is used to model situations where growth accelerates rapidly at first and then steadily slows as the function approaches an upper limit.
We use the command “Logistic” on a graphing utility to fit a function of the form
to a set of data points. See
[link] .
Section exercises
Verbal
What situations are best modeled by a logistic equation? Give an example, and state a case for why the example is a good fit.
Logistic models are best used for situations that have limited values. For example, populations cannot grow indefinitely since resources such as food, water, and space are limited, so a logistic model best describes populations.
What is regression analysis? Describe the process of performing regression analysis on a graphing utility.
Regression analysis is the process of finding an equation that best fits a given set of data points. To perform a regression analysis on a graphing utility, first list the given points using the STAT then EDIT menu. Next graph the scatter plot using the STAT PLOT feature. The shape of the data points on the scatter graph can help determine which regression feature to use. Once this is determined, select the appropriate regression analysis command from the STAT then CALC menu.
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost
6% more than previous year? Provide with reasoning.
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
Good day
How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200.
Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
I am Camara from Guinea west Africa... happy to meet you guys here
Sekou
ma management ho
Amisha
ahile becheclor ho
Amisha
hjr ktm bta ho
ani k kaam grnu hunxa tw
Amisha
belatari
Amisha
1st year ho
Amisha
nd u
Amisha
ahh
Amisha
kaha biratnagar
Amisha
ys
Amisha
kina k vo
Amisha
money as unit of account means what?
Kalombe
A unit of account is something that can be used to value goods and services and make calculations
Jim
all of you please speak in English I can't understand you're language
Muhammad
I want to know how can we define macroeconomics in one line
Muhammad
it must be .9 or 0.9
no Mpc is greater than 1
Y=100+.9Y+50
Y-.9Y=150
0.1Y/0.1=150/0.1
Y=1500
Kalombe
Mercy is it clear?😋
Kalombe
hi can someone help me on this question
If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output?
discuss your answer using appropriate graph.
