Calculating forecast based on a given trend equation
The manager of a company believed that her company's profits were following an exponential trend. She used Microsoft Excel to obtain a prediction equation for the logarithm (base 10) of profits:
Log10(Profits) = 2=0.3X
The data she used were from 1993 through 1998, coded 0 to 5. The forecast for 1999 profits is ________.
D. Cannot be determined form the information given