Global monthly ad sales amounted to $43 billion in September 2020 and are decreasing by 1.2% per month. (a) Create a model for this situation. (Recall that you should define the independent and dependent variables and their units, as well as provide an equation.) (b) If this trend continues, what will global monthly ad sales be in February 2022? (Round to the nearest thousand dollars.)

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.8: Fitting Exponential Models To Data
Problem 5SE: What does the y -intercept on the graph of a logistic equation correspond to for a population...
icon
Related questions
Question
100%

8. Global monthly ad sales amounted to $43 billion in September 2020 and are decreasing by 1.2% per month.

(a) Create a model for this situation. (Recall that you should define the independent and dependent variables and their units, as well as provide an equation.)

(b) If this trend continues, what will global monthly ad sales be in February 2022? (Round to the nearest thousand dollars.)

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Time Series Analyses, Forecasting Methods, and Indices
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax