The population of the country will be 513 million in 2016 with The exponential model A=384. 7e^0. 018t describes the population, A, of a country in millions, t years after 2003.
The exponential model represents the degrading failure process using an equation like: where Y = degradation, T = time, and A and B = parameters to be predicted using the regression approach using historical data. Exponentials are frequently utilized when the rate of change of a quantity is proportional to its beginning amount. Y represents exponential decay if the coefficient associated with b and/or d is negative. Y represents exponential growth if the coefficient is positive.
Here,
A = 384. 7e^0. 018t
513=384. 7e^0. 018t
513/384.7= e^0.018t
ln(513/384.7) = 0.018t
ln(513/384.7)/0.018 =t
t=15.9895575229 years
t=16 years
2003+16= 2019
In 2016, the country's population will be 513 million people. The exponential model A=384. 7e^0. 018t explains a country's population, A, in millions, t years after 2003.
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