Calibrate a growth model
Population data at years 0,1,2: 100,119,143. Model P=100e^(kt). Using year 2 gives k=ln(1.43)/2 about 0.179.
- Calibration fixes a parameter from data.
- Trace the worked reasoning before selecting the conclusion.
assumptions, calibration, sensitivity, validation, and defense
Population data at years 0,1,2: 100,119,143. Model P=100e^(kt). Using year 2 gives k=ln(1.43)/2 about 0.179.
Pause. Find what matters. Then make your move.