I have a problem to do and I don't quite understand it. It's based off the population growth in China. It says that a researcher suggests that the population P, can be modeled by
P(t) = k/(1+Le^-Mt)
Where K, L, and M are parameters
It then says: use technology to estimate and interpret K, L, and M.
What I don't understand it what does it mean to use technology to estimate and interpret the parameters. What do the parameters mean?
Thanks for any help