Math Problem Statement
Solution
The given problem asks for a quadratic regression model based on the population data and then requests the population prediction for year 18.
Here’s the process to solve it:
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Identify the data points:
- Year: [1, 4, 5, 8, 10]
- Population: [16,559, 17,162, 17,339, 17,818, 18,094]
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Use Quadratic Regression: We will fit the data points to a quadratic equation of the form: where is the year and is the population.
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Predict the population for year 18.
I will calculate the regression equation and the population for year 18. Let me compute that for you.The quadratic regression model for the given data is:
Using this model, the predicted population for year 18 is approximately:
Would you like more details about the process or any specific part of this solution?
Here are some related questions for further exploration:
- How would the model change if we used linear regression instead of quadratic?
- What is the significance of the coefficients in the quadratic model?
- How do we interpret the accuracy of this model based on the given data points?
- Can this quadratic model be used to predict future years beyond 18?
- What would the population be in year 15 using this same model?
Tip: When fitting a model, always verify it against actual data points to check its accuracy.
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Math Problem Analysis
Mathematical Concepts
Quadratic Regression
Algebra
Data Modeling
Formulas
Quadratic regression formula: P(x) = ax^2 + bx + c
Theorems
Quadratic regression fitting
Suitable Grade Level
University Level (Precalculus or College Algebra)