The logistic curve is given by L y = 1+ B exp (kx)' It is used...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The logistic curve is given by L y = 1+ B exp (kx)' It is used to model populations that should have growth that is close to exponential (when x is small) but that can only grow to a limiting value L. Ideally-for a given set of data points (xi,yi), i=1..N, we would like to determine the best-fit parameters L, B and k via least squares, but this is a nonlinear problem. It is more difficult than the ones we have encountered in class. So Let's assume for the moment that we can get a good estimate of the value for L, (the largest the population can grow) and we can set this value as known constant. We still want to determine B and k via least squares. 1) [15 pts] Setting the parameter L as a known constant, turn this into a linear least-squares problem by using the right change of variables i.e. Y'=a0+a1*X' where the new variables Y' and X' have to be defined. 2) [5pts] Give an analytic formula for parameters B and k as a function of the data points (X,Yi), i=1..N. HINT : use the linear fit expressions for a0 and al you have obtained in 1)- (see Section 17.1 of the textbook). Do NOT use the Generalized Least square Matrix Formulation with the Z matrix. The logistic curve is given by L y = 1+ B exp (kx)' It is used to model populations that should have growth that is close to exponential (when x is small) but that can only grow to a limiting value L. Ideally-for a given set of data points (xi,yi), i=1..N, we would like to determine the best-fit parameters L, B and k via least squares, but this is a nonlinear problem. It is more difficult than the ones we have encountered in class. So Let's assume for the moment that we can get a good estimate of the value for L, (the largest the population can grow) and we can set this value as known constant. We still want to determine B and k via least squares. 1) [15 pts] Setting the parameter L as a known constant, turn this into a linear least-squares problem by using the right change of variables i.e. Y'=a0+a1*X' where the new variables Y' and X' have to be defined. 2) [5pts] Give an analytic formula for parameters B and k as a function of the data points (X,Yi), i=1..N. HINT : use the linear fit expressions for a0 and al you have obtained in 1)- (see Section 17.1 of the textbook). Do NOT use the Generalized Least square Matrix Formulation with the Z matrix.
Expert Answer:
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
Posted Date:
Students also viewed these mechanical engineering questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Let A, B be sets. Define: (a) the Cartesian product (A B) (b) the set of relations R between A and B (c) the identity relation A on the set A [3 marks] Suppose S, T are relations between A and B, and...
-
You measure 30 textbooks' weights, and find they have a mean weight of 72 ounces. Assume the population standard deviation is 4 ounces. Based on this, construct a 90% confidence interval for the true...
-
Do a search for a learning or a motivation theory. When you find one write a summary of the theory and suggest how it could be used in training. Conduct a search for how a business has applied one of...
-
The following selected transactions were complete by Lawn supplies co., which sells irrigation supplies primarily to wholesalers and occasionally to retail customers: Mar. 1. Sold merchandise on...
-
Consider a binomial model with three dates as introduced at the end of Sect. 6.3 (with \(t \in\{0,1,2\}\) ) and a contingent claim with payoff \(f\left(s_{2} ight)\), where \(s_{2}\) denotes the...
-
Johan recently received his annual performance bonus from his employer. He has set up an investment savings plan to which he will contribute $2000 each year from his bonus and $400 per month from his...
-
The Hat Store had the following series of transactions for Year 2 Date January 1 March 15 May 30 August 10 November 20 Required Transaction Beginning inventory Purchased Sold Purchased Sold...
-
Ship taking on water: A ship collides with an iceberg at t = 0. One of the compartments of the ship, which is initially dry, starts to fill with water at a rate at, measured in liters per second,...
-
In the modern world of HRM dynamics, what should the managers be trying to accomplish with the decisions they make when there is an element of risk involved? explain
-
How does Obrien tell Winston he can achieve immortality? dying becoming Big Bro fusion and unity with the Party he can not
-
7) Find the first derivatives of the following functions, simplifying your answers where possible: a) y = 10 + 4x + 2x-1 b) y = 8x + x - 10 c) y = (x - x) d) y = log10 (x)
-
Why did the William Wordsworth feel lonely at the beginning in the poet: The Daffodils?
-
8) The below mathematical function shows how hourly wage (hw) depends on years of schooling (S) and years of work experience (E): hw = 10 + 8S - S + 10E - 2E - 2SE a) What is the effect on hourly...
-
1. Technique of insurance is mainly employed to cover the losses caused by ( ) A. speculative risk B. pure risk C. peoples intentional acts D. economic conditions 2.The law of large numbers helps...
-
Give the structural formulas of the alkenes that, on ozonolysis, give: a. (CH3)2C=O and CH2=O b. Only (CH3CH2)2C=O c. CH3CH=O and CH3CH2CH=O d. O=CHCH2CH2CH2CH=O
-
Every Thanksgiving, my wife and I debate about how we should prepare the turkey we will serve (and will then have left over). My wife likes preparing turkeys the conventional way roasted in the oven...
-
Ideology and Preferences of Politicians: Political scientists often assume that politicians have tastes that can be thought of in the following way: Suppose that the two issues a politician cares...
-
In this exercise, we will explore some logical relationships between families of tastes that satisfy different assumptions. A: Suppose we define a strong and a weak version of convexity as follows:...
-
The preferred stock of the Luxemburg Mining Corporation pays a $3.25 dividend. What is the value of the stock if your required rate of return is 8 percent?
-
What is the value of Brunei Petroleum Companys preferred stock when the dividend rate is 18 percent on a $100 par value? The appropriate discount rate for a stock of this risk level is 14 percent.
-
What is the value of Queens Park PLCs preferred stock when the dividend rate is 10 percent on a $100 par value? The appropriate discount rate for a stock of this risk level is 16 percent.
Study smarter with the SolutionInn App