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4.8 Fitting exponential models to data  (Page 3/12)

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[link] shows a recent graduate’s credit card balance each month after graduation.

Month 1 2 3 4 5 6 7 8
Debt ($) 620.00 761.88 899.80 1039.93 1270.63 1589.04 1851.31 2154.92
  1. Use exponential regression to fit a model to these data.
  2. If spending continues at this rate, what will the graduate’s credit card debt be one year after graduating?
  1. The exponential regression model that fits these data is   y = 522.88585984 ( 1.19645256 ) x .
  2. If spending continues at this rate, the graduate’s credit card debt will be $4,499.38 after one year.
Got questions? Get instant answers now!

Is it reasonable to assume that an exponential regression model will represent a situation indefinitely?

No. Remember that models are formed by real-world data gathered for regression. It is usually reasonable to make estimates within the interval of original observation (interpolation). However, when a model is used to make predictions, it is important to use reasoning skills to determine whether the model makes sense for inputs far beyond the original observation interval (extrapolation).

Building a logarithmic model from data

Just as with exponential functions, there are many real-world applications for logarithmic functions: intensity of sound, pH levels of solutions, yields of chemical reactions, production of goods, and growth of infants. As with exponential models, data modeled by logarithmic functions are either always increasing or always decreasing as time moves forward. Again, it is the way they increase or decrease that helps us determine whether a logarithmic model is best.

Recall that logarithmic functions increase or decrease rapidly at first, but then steadily slow as time moves on. By reflecting on the characteristics we’ve already learned about this function, we can better analyze real world situations that reflect this type of growth or decay. When performing logarithmic regression analysis , we use the form of the logarithmic function most commonly used on graphing utilities,   y = a + b ln ( x ) .   For this function

  • All input values,   x , must be greater than zero.
  • The point   ( 1 , a )   is on the graph of the model.
  • If   b > 0 , the model is increasing. Growth increases rapidly at first and then steadily slows over time.
  • If   b < 0 , the model is decreasing. Decay occurs rapidly at first and then steadily slows over time.

Logarithmic regression

Logarithmic regression is used to model situations where growth or decay accelerates rapidly at first and then slows over time. We use the command “LnReg” on a graphing utility to fit a logarithmic function to a set of data points. This returns an equation of the form,

y = a + b ln ( x )

Note that

  • all input values,   x , must be non-negative.
  • when   b > 0 , the model is increasing.
  • when   b < 0 , the model is decreasing.

Given a set of data, perform logarithmic regression using a graphing utility.

  1. Use the STAT then EDIT menu to enter given data.
    1. Clear any existing data from the lists.
    2. List the input values in the L1 column.
    3. List the output values in the L2 column.
  2. Graph and observe a scatter plot of the data using the STATPLOT feature.
    1. Use ZOOM [9] to adjust axes to fit the data.
    2. Verify the data follow a logarithmic pattern.
  3. Find the equation that models the data.
    1. Select “LnReg” from the STAT then CALC menu.
    2. Use the values returned for a and b to record the model,   y = a + b ln ( x ) .
  4. Graph the model in the same window as the scatterplot to verify it is a good fit for the data.

Questions & Answers

for the "hiking" mix, there are 1,000 pieces in the mix, containing 390.8 g of fat, and 165 g of protein. if there is the same amount of almonds as cashews, how many of each item is in the trail mix?
ADNAN Reply
linear speed of an object
Melissa Reply
an object is traveling around a circle with a radius of 13 meters .if in 20 seconds a central angle of 1/7 Radian is swept out what are the linear and angular speed of the object
Melissa
test
Matrix
how to find domain
Mohamed Reply
like this: (2)/(2-x) the aim is to see what will not be compatible with this rational expression. If x= 0 then the fraction is undefined since we cannot divide by zero. Therefore, the domain consist of all real numbers except 2.
Dan
define the term of domain
Moha
if a>0 then the graph is concave
Angel Reply
if a<0 then the graph is concave blank
Angel
what's a domain
Kamogelo Reply
The set of all values you can use as input into a function su h that the output each time will be defined, meaningful and real.
Spiro
how fast can i understand functions without much difficulty
Joe Reply
what is inequalities
Nathaniel
functions can be understood without a lot of difficulty. Observe the following: f(2) 2x - x 2(2)-2= 2 now observe this: (2,f(2)) ( 2, -2) 2(-x)+2 = -2 -4+2=-2
Dan
what is set?
Kelvin Reply
a colony of bacteria is growing exponentially doubling in size every 100 minutes. how much minutes will it take for the colony of bacteria to triple in size
Divya Reply
I got 300 minutes. is it right?
Patience
no. should be about 150 minutes.
Jason
It should be 158.5 minutes.
Mr
ok, thanks
Patience
100•3=300 300=50•2^x 6=2^x x=log_2(6) =2.5849625 so, 300=50•2^2.5849625 and, so, the # of bacteria will double every (100•2.5849625) = 258.49625 minutes
Thomas
158.5 This number can be developed by using algebra and logarithms. Begin by moving log(2) to the right hand side of the equation like this: t/100 log(2)= log(3) step 1: divide each side by log(2) t/100=1.58496250072 step 2: multiply each side by 100 to isolate t. t=158.49
Dan
what is the importance knowing the graph of circular functions?
Arabella Reply
can get some help basic precalculus
ismail Reply
What do you need help with?
Andrew
how to convert general to standard form with not perfect trinomial
Camalia Reply
can get some help inverse function
ismail
Rectangle coordinate
Asma Reply
how to find for x
Jhon Reply
it depends on the equation
Robert
yeah, it does. why do we attempt to gain all of them one side or the other?
Melissa
how to find x: 12x = 144 notice how 12 is being multiplied by x. Therefore division is needed to isolate x and whatever we do to one side of the equation we must do to the other. That develops this: x= 144/12 divide 144 by 12 to get x. addition: 12+x= 14 subtract 12 by each side. x =2
Dan
whats a domain
mike Reply
The domain of a function is the set of all input on which the function is defined. For example all real numbers are the Domain of any Polynomial function.
Spiro
Spiro; thanks for putting it out there like that, 😁
Melissa
foci (–7,–17) and (–7,17), the absolute value of the differenceof the distances of any point from the foci is 24.
Churlene Reply
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Source:  OpenStax, Precalculus. OpenStax CNX. Jan 19, 2016 Download for free at https://legacy.cnx.org/content/col11667/1.6
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