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Exponential and Geometric Model
Exponential model
y = abx
Take log of both sides
log y = log a + log bx
log y = log a + xlog b
Assume log y = Y and log a = A and log b = B
Hence we get Y = A + Bx. It is a linear regression model
Geometric model
y = axb
By using the similar technique as above
log y = log a + b log x
Y = A + bX
Whereas Y = log y
A = log a
X = log x
By using linear regression technique or the method of least squares, it is possible to calculate the value of a and b.
A bourbon that is 51 proof is 25.5% alcohol by volume while one that is 82 proof is 41% alcohol. How many liters of 51 proof bourbon must be mixed with 1.0 liter of 82 proof bourbo
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Find the circumference of a circle whose area is 16 times the area of the circle with diameter 7cm (Ans: 88cm) Ans: Π R 2 = 16 Π r 2 R 2 = 16 r 2
A well-known simple model, applicable for analysing boom-bust cycles in agriculture, but extendable to analysing boom-bust cycles in many different areas of economics is the hog cy
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state tha different types of models used in operations research.
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The perimeter of a square can be expressed as x + 4. If one side of the square is 24, what is the value of x? Since the perimeter of the square is x + 4, and a square has four
what is mean and mode
how do I do it.
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