Question
Go to the FRED database(https://fred.stlouisfed.org/)andfind data on the popula- tion in India from 1960 to 2018. (Type in Population, Total for India and it should
Go to the FRED database(https://fred.stlouisfed.org/)andfind data on the popula- tion in India from 1960 to 2018. (Type in "Population, Total for India" and it should come up.) Make sure you are getting annual data. Download the data into an excel spreadsheet.
(a)Use the data from 1961 and 1962 to calculatein equation P(t)=a+bt.
(b)Write the full equation of P(t) using the data from 1961 and 1962.
(c)Repeat this process using the data from 2018 and 2019.
(d)Do you think P(t)=a+bt is a good equation to use to describe the behavior of the popu- lation in India from 1960 to 2019? Explain your answer.
(e)Attach a image of your data to your solutions.
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