What is the predicted profit using exponential regression in 2010?

[Ishtar]

I just need some hints answering these questions like how to do the formulla
i can't figure out the formula

Question:

Use the following information to answer the next three questions.,

The profit of a small busmess is given below

Year Profit

2001 $28000

2002 $32000

2003 $40 000

2004 $49000

2005 $60000If the owner of the business uses an exponential regression to predict the profits in the year 2010, the expected profit (in thousands) is _____

The business will achieve a profit of $800000 in the year _____

A rival business has their pront increase modeled by the function
P(t) = 13500(1.24)^t . The profit of this business will overtake the profits of the first business, for the first time, in the year ________

thx

 

[e(ho0n3]

Hint: Reread the chapter in your book where you got this question from.

 

[HallsofIvy]

In particular, exactly what is an "exponential regression"?

 

[Ishtar]

thats wat i don't know, i no exp. function y=c(a)^t but, i don't think tats it

 

[HallsofIvy]

Then look up "exponential regression" in the index of your book.