It appears that the imports of carbon black have been increasing by about 10% an

Question

It appears that the imports of carbon black have been increasing by about 10% annually Year 2006 2007 2008 2009 Imports of Carbon Black (thousands of tons) 95 107 116 121 Year 2010 2011 2012 2013 Imports of Carbon Black (thousands of tons) 130 148 167 183 a. Determine the logarithmic trend equation. (Round your answers to 4 decimal places.) t, where 2006 is coded b. By what percent did imports increase, on the average, during the period? (Round your answer to 2 decimal places.) Imports increased, on average percen c. Estimate imports for the year 2016. (Round your answer to 2 decimal places.) The antilog of

Explanation / Answer

a) Y = 12.1548x-24291.6091

b)

The imports increased to 183 from 95 during a span of 8 years which is an increase of 11.58%

c)

y = 12.155*2016-24292 = 212.47

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