In this lesson, the focus is on evaluating the logistic function by finding the values of its three parameters. The instructor uses Solver to solve for the parameters and then shows how to make a prediction about monthly sales based on the logistic model. The lesson emphasizes the importance of understanding the various versions of the problem and being able to solve for the parameters before attempting to evaluate the function symbolically or numerically. The lesson concludes with a preview of the next part, which will cover composition in these functions.
Be able to evaluate (i.e. find an output given an input) and of the three model functions both numerically and symbolically.
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