Friday 10 April 2015

Calgary Home trends










World Population Growth










Calgary Population

Calgary Population














I chose this particular project because I find it is interesting to see our city’s increasing overall
population. My goal is to demonstrate the increase of population in Calgary.

Year (L1)

Population (L2)
Difference (compared to previous year)
1990 (0)
692,885

1991 (1)
708,593
15,708
1992 (2)
717,133
8,540
1993 (3)
727,719
10,586
1994
738,184
10,465
1995
749,073
10,889
1996
767,059
17,986
1997
790,498
23,439
1998
819,334
28,836
1999
842,388
23,054
2000
860,749
18,361
2001
876,519
15,770
2002
904,987
28,468
2003
922,315
17,328
2004
933,495
11,180
2005
956,078
22,583
2006
991,759
35,681
2007
1,019,942
28,183
2008
1,042,892
22,950
2009
1,065,455
22,563
2010
1,071,515
6,060
2011
1,090,936
19,421
2012
1,120,225
29,289
2013
1,156,686
36,461
2014
1,195,194
38,508
2015 – estimation
1,211,602
16,408
2016 – estimation
1,239,847
28,155
2017 - estimation
1,268,751
28904

I began with year 1990 and ended with year 2014. Since we are still in year 2015, the population of Calgary on that year will be estimated. The population of Calgary reached one million in year 2007. There were some annexations in year 1996, 2005, and 2008. The annexation slowed down the population growth slightly.

Exponential Regression Graph


After I gathered the data from the link above, I created an exponential regression graph. The exponential regression is as follows:

Y = 681007.50380284(1.0233125727547)^x







This graph is the most accurate compared to other graphs below. The plot points are mostly touching the line. The most beautiful graph as well…

Calgary’s population continues to expand. By using table of values and the regression provided above, in year 2017, Calgary are predicted to have about 1,268,751 residents. In year 2025, 1,525,608 citizens are estimated to live in the city.

Linear Regression Graph


Y = 659736.50153846+20894.001538462x





Linear graph is not ideal because the scatter dots are way off from linear regression.

Quadratic Regression Graph


Y = 266.00613154961x^2+14509.854381271x+684209.06564102





Much better than linear regression graph. However, I still think that scatter dots still are off a bit compared to exponential graph.

Cubic Graph


Y = -10.553894012575x^3+645.94631600231x^2+10936.305868613x+690617.39008546



This graph is not too bad, either. However, I don't think that Calgary's population are decreasing anytime soon, unless some factors caused the population to decrease. It is good idea to use this graph if the population is estimated to decrease after a certain number of years.

Conclusion 

The exponential regression graph is the most accurate graph, followed closely by quadratic regression graph. Cubic regression graph is best suited to project the population decrease. Linear regression graph, however, is the most inaccurate graph above all.

Reference(s)/source(s)



the price of oil

PLEASE CLICK PICTURE TO ENLARGE






Wednesday 8 April 2015

Candian population







 As for the Google reference, Google Canada Birth/Death Rate, this link will go to the fatality graph and the birth rate will be nine columns above the one you'll be sent to. Also, the reason the Canadian population is increasing by a huge factor, is there are a lot of off-shore permanent, temporary, workers and un-documented visitors give or take. And that would have taken more time that would have needed to give a complete view. For more in-depth information about this presentation feel free to ask me.

Milk Prices


MILK PRICES



Expert Analysis

According to Farmgate milk prices are starting to stabilize after one of the biggest price inflations in years. Thanks to a recent drop in the economy milk will now stabilize to around the $3.00 range.

Data
  


Exponential: y = a (b)^x 
a = 2.192852
b = 1.053050453

Linear: y = a + bx 
a = 166642.70364
b = -8.268 



Prediction

My opinion is that Milk prices will rise and fall with how our agricultural economy is going. If the prices rise then fall like from 2011 to 2014 its doing not so well. If they stabilize like the experts have predicted it will be doing well. but we do not want a inflation rise like in 2005 to 2010. personally i believe it will stabilize and be ok for the next five years.

References

1.) http://inflationdata.com/articles/2013/03/21/food-price-inflation-1913/

2.) http://www.thepeoplehistory.com/pricebasket.html

3.) http://www.thebeefsite.com/news/47743/fao-food-price-index-drops-further-in-march-2015/





Ashley's USA Population Growth Project

US population growth between 1900-2000

1900- 76,212,168
1910-92,228,496
1920-106,021,537
1930-123,202,624
1940-132,164,569
1950-151,325,798
1960-179,323,175
1970-203,211,926
1980-226,545,805
1990-248,709,873
2000-281,421,906
Cubic Graph




 
Cubic Regression equation: ax^3+bx^2+cx+d
a=12.711
b=-65006.145
c=110520945
d=-6.242x10^10
Pros and cons Of Cubic Graph:
- Con: The line from the cubic function goes just above the ploted points.
 
Liner Graph
 
Liner Equation:
2018840.193x-3771250387=y
Pros and Cons of Liner Graph:
- Con: Not all the plot point are on the Liner equations, however more ploted point land on the line compared to any other function.
Quadratic Graph
 
Quadratic equation:
9352.435967x^2-34455660.08x+3.178*10^10=y
Pros and Cons:
Con: the line from the quadratic function misses most of the plot points, if not all of them.
Exponetial Graph
Exponetial Function:
.0021946618*1.012885618^x=y
Pros and Cons:
Pro: Connects to plot point well, better than the other three functions do, and when the line does not connect with a plot point it is relatively close to it.
Conclusion:
The exponetial functions if the function that connects with the ploted point the best, and is the best equation to use for this situation.
 
Resources: