Question

t appears that the imports of carbon black have been increasing by about 10% annually. Imports of Carbon Black Year (thousands of tons) 2010 97 2011 108 2012 111 2013 128 2014 135 2015 144 2016 166 2017 178 Click here for the Excel Data File Determine the logarithmic trend equation. (Round your answers to 4 decimal places.) By what percent did imports increase, on the average, during the period? (Round your answer to 2 decimal places.) Estimate imports for the year 2023. (Round your intermediate calculations. Round your answer to 2 decimal places.)

Answer 1

SOLUTION:

y^= -175465.1562 + 23081.8995 ln(year)

for year = 2023

y^=

242.0377589