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Trends, Forecasting and Curve-Fitting

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Picture this-
2001----------------128
2002-----------------192
2003----------------288
2004-----------------432
2005-----------------648

How many catfish will there be in 2006?

Please explain and give me a strategy for solving this problem?

© BrainMass Inc. brainmass.com September 20, 2018, 6:36 pm ad1c9bdddf - https://brainmass.com/math/curves/trends-forecasting-curve-fitting-173764

Solution Preview

We can use the exponential population growth function:

P(t) = P(0)*e^kt

where P(0) is the initial population, k is a constant, and t is the time frame.

In our problem we can assume P(0) = 128. That means our time frame starts in the ...

Solution Summary

A curve is found to fit given data and to make a forecast.

$2.19