The manager of a company believed that her company's profits were following an exponential trend.She used Microsoft Excel to obtain a prediction equation for the logarithm (base 10)of profits:
log10(Profits)= 2 + 0.3X
The data she used were from 2007 through 2012 coded 0 to 5.The forecast for 2013 profits is .
Correct Answer:
Verified
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