The expression below relates with the necessity of estimating the energy need in one country. Describe...

The expression below relates with the necessity of estimating the energy need in one country. Describe each component contains in the following expression. Explain the importance of estimating the future energy need.
M = M_Oe^at

Expert Solution

The need of energy in a country is in the form of exponential rise.

, model determines the energy need of a country at any time "t".

Here,

is the need of Energy need of a country at any time instant "t" (future time)

is the intial need of Energy (in a particular year)

is the rate at which need of energy is increasing.

is the time (can be in years) from the year in which M_o is known.

Importance of estimating the future energy need :-

Human society's consumption of primary energy has increased rapidly over the last few hundred years.
The world will need significantly increased energy supply in the future, especially cleanly-generated electricity.
Hence , we need to estimate the future requirement of thr country so we can prepare ourself and make optimal use of energy resources

Thus, we need a model to (estimate) predict the future energy need

Manojponduru answered 1 hour ago

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The expression below relates with the necessity of estimating the energy need in one country. Describe...

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