If the data appears to be increasing exponentially and we wish to forecast number of passengers for year 9, we can use Log10 and linear regression equation. What is the linear equation for Log10 of this data?
Definitions:
Product Development
The process of bringing a new product or service from concept to market, including design, creation, and launch phases.
Market Penetration
The extent to which a product or service is recognized and used by customers in a particular market.
Diversification
A strategy in finance and business development that involves entering into a variety of markets or developing a range of products to minimize risks.
Product Development
The process of creating, designing, and bringing a new product to market.
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