In Exercises 17– 20, give the numbers in the exponential function to three decimal places.
Stock Prices.
a. Find the exponential function that best fits the following data.
Years since 2010 | Price of one share of starbucks stock at beginning of January |
0 | $20.59 |
1 | $30.21 |
2 | $46.61 |
3 | $55.39 |
4 | $76.17 |
(Source: yahoo.finance Nasdaq) |
b. Graph the
c. Use the function to estimate the price of one share of Starbucks stock in 2018.
d. What other models also fit this data? Which model best predicts the price of one share of Starbucks stock in future years? Why?
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Calculus and Its Applications (11th Edition)
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