The following Table gives the profits of a concern for 5 years ending 1983 :Year20092010201120122013Profits (000 )1.64.513.840.2125.0Find out the trend values by using the equation Y.= A.B*.

Equation, Y= ABx taking log on both the sides, LogY= LogA+X*logB y= a+b*X Where y= logY a= logA b=…

Answered: The following Table gives the profits…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 27PFA

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The following Table gives the profits of a concern for 5 years ending 1983 : Year 2009 2010 2011 2012 2013 Profits (000 ) 1.6 4.5 13.8 40.2 125.0 Find out the trend values by using the equation Y= A.B".