The objective is to estimate a city's population in short term (2035) and long term (2070)...
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The objective is to estimate a city's population in short term (2035) and long term (2070) using historical population data (1950-2020) for Seattle (US). A time series of past population can be downloaded from https://worldpopulationreview.com/us-cities/seattle-wa-population. A. Plot the time series of past population and discuss different phases of the population growth that are applicable. B. Discuss and state the most probable growth equation that can be applied to each growth phase identified in last step. C. For the short-term and long-term population projection, use the following methods as you deem appropriate. you may compare the results obtained from different methods (you can use excel and Solver to find the best population growth model): a. Linear growth b. Geometric growth c. Decreasing growth d. Logistic growth Explain the procedure present the growth parameters and discuss the model's performance. The objective is to estimate a city's population in short term (2035) and long term (2070) using historical population data (1950-2020) for Seattle (US). A time series of past population can be downloaded from https://worldpopulationreview.com/us-cities/seattle-wa-population. A. Plot the time series of past population and discuss different phases of the population growth that are applicable. B. Discuss and state the most probable growth equation that can be applied to each growth phase identified in last step. C. For the short-term and long-term population projection, use the following methods as you deem appropriate. you may compare the results obtained from different methods (you can use excel and Solver to find the best population growth model): a. Linear growth b. Geometric growth c. Decreasing growth d. Logistic growth Explain the procedure present the growth parameters and discuss the model's performance.
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A Plotting the Time Series of Past Population and Identifying Growth Phases To begin well download t... View the full answer
Related Book For
Corporate Finance Core Principles And Applications
ISBN: 9781260571127
6th Edition
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
Posted Date:
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