Now, we will practice building models using datasets. Here, you will see a short video on using an online graphing calculator to do the calculations required. Billions of data points are collected every year in fields from consumer behavior to weather. Fitting this data to a model allows us to explore the behaviors we observe around us meaningfully. The first model you will build is logarithmic.
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,
. For this function
- All input values,
, must be greater than zero.
- The point
is on the graph of the model.
- If
, the model is increasing. Growth increases rapidly at first and then steadily slows over time.
- If
, 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,
Note that
- all input values,
, must be non-negative.
- when
, the model is increasing.
- when
, the model is decreasing.
How To
Given a set of data, perform logarithmic regression using a graphing utility.
- Use the STAT then EDIT menu to enter given data.
- Clear any existing data from the lists.
- List the input values in the L1 column.
- List the output values in the L2 column.
- Graph and observe a scatter plot of the data using the STATPLOT feature.
- Use ZOOM [9] to adjust axes to fit the data.
- Verify the data follow a logarithmic pattern.
- Find the equation that models the data.
- Graph the model in the same window as the scatterplot to verify it is a good fit for the data.
Try It #2
Year | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 |
Number Sold (thousands) | 142 | 149 | 154 | 155 | 159 | 161 |
Year | 2006 | 2007 | 2008 | 2009 | 2010 | - |
Number Sold (thousands) | 163 | 164 | 164 | 166 | 167 | - |
ⓐ Let
ⓑ If games continue to sell at this rate, how many games will sell in 2015? Round to the nearest thousand.