New York City Housing Costs: Uptown The following table shows the average...

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.