Question
The growth of social media can often be modelled by exponential growth. Here is some data on Pinterest. This represents the number of unique visitors
The growth of social media can often be modelled by exponential growth. Here is some data on Pinterest. This represents the number of unique visitors in thousand for the months May 2011 to Jan. 2012t
Month Visitors in thousands
May 11 418
June 11 608
jul 11 1031
Aug 1270
Sept 11 2023
Oct 11 3295
Nov 11 4855
Dec 11 7516
Jan 12 11716
a) Draw a nice scatter diagram in Excel and appropriately label this graph
b) Find the exponential regression model and report the equation. Use months since May 2011 as the input variable
c) Find the linear regression model and report the equation. Use months since May 2011 as the input variable
d) Use both models to predict the result in Feb 2012. IF the actual number was 16232000 which model did a better job predicting this result
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