The number of Facebook users for each year from 2004 to 2016 can be found in the table below. Round all values to three decimal places.
Year Users(in millions)
2004 1
2005 6
2006 12
2007 58
2008 145
2009 360
2010 608
2011 845
2012 1056
2013 1230
2014 1440
2015 1710
2016 2000
Using years since 2000, do both exponential and logistic regression and be sure to graph them and compare them to the scatterplot of the data.
What model is the best fit to the data?
exponential
logistic
What is the equation of the best fit model?
Is that value reasonable or not? Explain why.
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