All,
I have some data that fits well with the "Power Fit" in Excel.
I found some helpful information in this post (https://community.jmp.com/t5/Discussions/Power-Fit-Equation-for-JMP/td-p/5783)
I would greatly appreciate some more guidance on this topic:
- When the power fit is performed on the data in Excel - the fit seems fairly reasonable
- In order to perform the power fit on the data in JSL - theta1 and theta2 are the 2 tunable parameters. I have figured through trial and error what is a reasonable value for theta2 and theta 1 to make the fit model the data well
How can an user figure out what are the best values for theta1 and theta2 for the given data set without overfitting the model ?
Please kindly provide an example if possible.