Mathematical Models (Equations) Logarithmic (ln(x)...) Exponential (n x )
Mathematical Models (Equations) Power (x n ) (Graph varies depending on the value of n)
Secondly, there are various statistical analysis items that can be done with the data to determine which model is the best predictor.
Correlation Coefficient (‘r’) The closer ‘r’ is to -1 (negative correlation) or to 1 (positive correlation), the stronger the relationship between time and population (thus the better the predictor).
Coefficient of Determination (‘r 2 ’) The closer ‘r 2 ’ is to 1, the stronger the relationship between time and population (thus the better the predictor).
Our task is to select two Nebraska incorporated communities, predict their future populations based on data using technology, and present our findings.
You will not be using your crystal ball......rather you will use the information presented and some upcoming guidelines for you to follow!!!