If plotted, the following sales series would appear curvilinear. This indicates that sales are increasing at a

Question:

If plotted, the following sales series would appear curvilinear. This indicates that sales are increasing at a somewhat constant annual rate (percent). To fit the sales, therefore, a logarithmic equation should be used.

image text in transcribed

a. Determine the logarithmic equation.
b. Determine the coordinates of the points on the logarithmic straight line for 2005 and 2011.
c. By what percent did sales increase per year, on the average, during the period from 2004 to 2014?
d. Based on the equation, what are the estimated sales for2015?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

Question Posted: