Respuesta :
Using the exponential function, it is found that:
- One week from today, the stock is predicted to close at $65,734.37.
- One month from today, the stock is predicted to close at $66,327.75.
- One year from today, the stock is predicted to close at $76,584.35.
The exponential function is:
[tex]y(x) = 30078(1.003)^x[/tex]
- x represents the number of weeks since the first data point, so the value of x today would be 260.
Hence, considering today as an starting point, the function is:
[tex]y(x) = 30078(1.003)^{x + 260}[/tex]
One week from now, we have y(1), hence:
[tex]y(1) = 30078(1.003)^{1 + 260} = 65734.37[/tex]
One week from today, the stock is predicted to close at $65,734.37.
One month from now, we have y(4), hence:
[tex]y(4) = 30078(1.003)^{4 + 260} = 66327.75[/tex]
One month from today, the stock is predicted to close at $66,327.75.
One year from now, we have y(52), hence:
[tex]y(52) = 30078(1.003)^{52 + 260} = 76584.35[/tex]
One year from today, the stock is predicted to close at $76,584.35.
To learn more about exponential functions, you can take a look at https://brainly.com/question/25958656
Answer:
One week from today, the stock is predicted to close at $65,734.37.
One month from today, the stock is predicted to close at $66,327.75.
One year from today, the stock is predicted to close at $76,584.35.
Step-by-step explanation:
