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