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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.
Approximating solutions to equations : In this section we will look at a method for approximating solutions to equations. We all know that equations have to be solved on occasion
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want to make an assignment on shares and dividend for class 10
Certain model of new home distributed with a mean of $150,000. Find percentage of buyers who paid between $150,000-155,000 if standard deviation is $1800.
Example Reduce 24/36 to its lowest terms. 24/36=12/18=6/9=2/3. In the first step we divide the numerator and the denominator by 2. The fraction gets reduced
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