Step 1 :Given that in 2000, the population was 5 million, we can say that \(P_{0} = 5\) million.
Step 2 :In 2025, the population is projected to be 6.5 million. We can use these two points to solve for \(a\) in the formula \(f(x)=P_{0} a^{x-2000}\).
Step 3 :By substituting the given values into the formula, we get \(6.5 = 5a^{2025-2000}\). Solving this equation gives us \(a = 1.01054983172935\).
Step 4 :Rounding \(a\) to five decimal places, we get \(a = 1.01055\).
Step 5 :Final Answer: The values for \(P_{0}\) and \(a\) are \(P_{0} = \boxed{5}\) million and \(a = \boxed{1.01055}\) (rounded to five decimal places).