Question
Sally's software Inc. is a rapidly growing supplier of computer software to Sarasota area. Sales for the last five years are given below: 2003 :
Sally's software Inc. is a rapidly growing supplier of computer software to Sarasota area. Sales for the last five years are given below:
2003 : 1.1
2004 : 1.5
2005 : 2.0
2006 : 2.4
2007 : 3.1
The logarithmic trend equation is log() = -0.0531997 + 0.1104057t
By what percent did sales increase on the average during the period?
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Statistical Techniques In Business And Economics
Authors: Douglas Lind, William Marchal
16th Edition
78020522, 978-0078020520
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