Sally's Software, Inc. is a rapidly growing supplier of computer software to the Sarasota area. Sales for the last five years are provided in the attached document.
a. Determine the logarithmic trend equation.
b. By what percent did sales increase, on the average, during the period?
c. Estimate sales for the year 2003.
This tutorial provides aid in determining the logarithmic trend equation for a rapidly growing computer software company. It also provides the calculations for the percentage of sales increase.