The population p of a small community on the outskirts of a city grows rapidly over a 20-year period.
t 0 5 10 15 20
p 100 200 450 950 2000
As an engineer working for a utilty company, you must forecast the population 5 years into the future in order to anticipate the demand for power. Employ an exponential model and liner regression to make this prediction.
Hint: Graph the transformed and untransformed data using MatLab. However, show your work (summations and matrix used to solve for the coefficients) and calculate r^2, r, & Sr.