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What does the model predict receipts for world tourism

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Reference no: EM131781817

Question: Modeling the following table shows the receipts (in billions of dollars) for world tourism for selected years 1990-2007.

(a) From a scatter plot of the data (with x = 0 in 1980), indicate whether an exponential, logarithmic, or logistic model is most appropriate. Explain.

(b) Find the best-fitting model of the type found in part (a).

(c) What does the model predict receipts for world tourism will be in 2010?

162_Receipts.png

Reference no: EM131781817

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