Plot the graph of the growth rates versus year. Estimate the linear model for the growth rate as a function of time in year. Using the linear model for the growth rate, find the non-autonomous discrete Malthusian growth model. Estimate the population and the relative error.

Plot the graph of the growth rates versus year. Estimate the linear model for the growth rate as a function of time in year. Using the linear model for the growth rate, find the non-autonomous discrete Malthusian growth model. Estimate the population and the relative error.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter5: Business And Economic Forecasting

Section: Chapter Questions

Problem 1.4CE

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Question

Population for Germany from 1960-2020
Year
Population
1960
73,414,239
1970
78.578,385
1980
78,283,100
1990
79.053,984
2000
81,400,882
2010
80,827,002
2020
83.783,942
Plot the graph of the growth rates versus year. Estimate the linear model for the growth rate as
a function of time in year. Using the linear model for the growth rate, find the non-autonomous
discrete Malthusian growth model. Estimate the population and the relative error.

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