Answer:
Y = 1148.92(0.94^x) ; Y = 2.4
Step-by-step explanation:
Given the following data :
(14,500),(23,320),(37,150),(41,87),(56,40),(70,21)
X:
14
23
37
41
56
70
Y:
500
320
150
87
40
21
The exponential regression equation is expressed in the form :
Y = AB^x
A = Initial value
B = rate ; x = time
Using the online exponential regression calculator on the data provided :
Y = 1148.92(0.94^x)
Y = prediction
Estimate y, when x = 100
Y = 1148.92(0.94^100)
Y = 1148.92(0.0020548)
Y = 2.360800816
Y = 2.4
