In this lesson on logistic functions, the instructor demonstrates how to find the parameter values of a logistic model. By using real-world examples, the instructor shows how to find the values for the three parameters: A, B, and L. They also explain how to use a calculator and Solver to solve equations and find these values quickly. By the end of the lesson, students should be able to recognize the algebraic form for a logistic model and understand the meaning of each parameter in the context of the functional relationship.
Be familiar with and recognize the algebraic form for a logistic model, including the corresponding parameters and if those parameters have any meaning in the context of the functional relationship (e.g. does a parameter control the initial value, rate of change (shape), decreasing or increasing (flip), max/min, limiting values, etc.).
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