New York City Housing Costs: Uptown The following table shows the average price of a two-bedroom apartment in uptown New York City during the real estate boom from 1994 to 2004.
a. Use exponential regression to model the price P(t) as a function of time t since 1994. Include a sketch of the points and the regression curve. (Round the coefficients to 3 decimal places.)
b. Extrapolate your model to estimate the cost of a two bedroom uptown apartment in 2005.
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