Reported below are the amounts spent on advertising million
Reported below are the amounts spent on advertising ($ millions) by a large firm from 2004 to 2014. a. Determine the logarithmic trend equation. (Round your answers to 4 decimal places.) Log Y= + t b. Estimate the advertising expenses for 2018. (Round your answer to 2 decimal places.) The antilog of Y(2018) = $ c. By what percent per year did advertising expense increase during the period? (Round your answer to 2 decimal places.) percent.
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