G10 Modelling Summative
Discuss and determine the model that you think best represents this data set. Explain comprehensively you computed model and justification for selecting the model.
In 2016 Starbucks had 23 768 stores. Comment on your model and how well it fares against the actual number of stores.
Determine a suitable model for this relationship. Clearly give the function and explain the variables used in it.
Use your models to predict the numbers of stores that both McDonald's and Starbucks will own in 2020. Either show your working with your answers below, or on the app above.
Is there a possibility for both companies to have the same number of stores in a certain year? If so in which year will this be?
Write down your observations regarding the rates of growth of the two companies.
Justify the accuracy of your predictions and comment on the limitations of your model.