Yearly log production in units was regressed against time where t = 1 in 2015. Thi resulted in the following trend equation: log y = 0.52 + 0.5t Forecast production for 2023. Round to the nearest unit. Do not include any space: or commas.
Yearly log production in units was regressed against time where t = 1 in 2015. Thi resulted in the following trend equation: log y = 0.52 + 0.5t Forecast production for 2023. Round to the nearest unit. Do not include any space: or commas.
Chapter6: Exponential And Logarithmic Functions
Section6.7: Exponential And Logarithmic Models
Problem 16TI: Recent data suggests that, as of 2013, the rate of growth predicted by Moore’s Law no longer holds....
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Transcribed Image Text:Yearly log production in units was regressed against time where t = 1 in 2015. This
resulted in the following trend equation:
%3D
log y
0.52 +0.5t
Forecast production for 2023. Round to the nearest unit. Do not include any spaces
or commas.
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