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A car manufacturer is estimating the depreciation of a vehicle's value over time using two models: a linear model y=-1500t+30000 and an exponential model y=30000e?0.1t,
A car manufacturer is estimating the depreciation of a vehicle's value over time using two models: a linear model y=-1500t+30000 and an exponential model y=30000e?0.1t, where t is the age of the vehicle in years. Which model (linear or exponential) is more suitable for estimating the depreciation of a car's value over time, and why
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Statistics Learning From Data
Authors: Roxy Peck
1st Edition
495553263, 978-1285966083, 1285966082, 978-0495553267
