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What is the basic requirement for both interpolation and extrapolation to work? There must exist a functional relationship between an independent variable and a dependent variable and it must be required to estimate the value of the dependent variable corresponding to a certain value of independent variable. This functional relationship is usually developed on the basis of past data using a branch of Statistics is called Regression Analysis.
In the situations considered above, population is taken to be a function of time or years. While time is the independent variable, population is the dependent variable. One more point that requires emphasis is that both interpolation and extrapolation provides us with only estimates of the dependent variable.
Submit solutions for all of the following questions. Remember to set out your answers showing all steps completely and explicitly justify your steps. 1. Provide, in no more than
Find the acute angle theta that satisfies the given equation. Give theta in both degrees and radians. You should do these problems without a calculator. Sin= sqroot3/2
A department store faces a decision for a seasonal product for which demand can be high, medium or low. The purchaser can order 1, 2 or 3 lots of this product before the season beg
Consider the Solow growth model as given in the lecture notes using the Cobb-Douglas production function Y t = AK 1-α t L α t a) Set up the underlying nonlinear differen
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Properties 1. ∫ b a f ( x ) dx = -∫ b a f ( x ) dx . We can interchange the limits on any definite integral, all that we have to do is tack a minus sign onto the integral
What is Negative Exponents explain? Here's a problem which results in a negative exponent: 3 4 /3 7 = 3 (4-7) = 3 -3 A negative exponent means the same thing as making
You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months. Q t = 2.5 - 0.3 x P t + 12 x M t Where Q
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Human resource management Statistics may be utilized in efficient employ of human resources for example we may provide questionnaires to workers to find out where the manageme
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