The data in the following table gives U.S. population, in millions of persons, for the period 19702007.

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The data in the following table gives U.S. population, in millions of persons, for the period 1970€“2007. Fit the growth models given in Exercise 14.7 and decide which model gives a better fit. Interpret the parameters of the model.

Population Year Population Year 205,052 207,661 209,896 211,909 213,854 215,973 218,035 220,239 222,585 225,055 227,726

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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