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The Manager of a Company Believed That Her Company's Profits

Question 28

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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 2005 through 2010 coded 0 to 5. The forecast for 2011 profits is ________.

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 2005 through 2010 coded 0 to 5. The forecast for 2011 profits is ________.

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