The following table illustrates average price of the two-bedroom apartment in uptown New York City during real estate boom from 1994 to 2004.
t 0 (1994) 2 4 6 8 10 (2004)
Price p(t) in $ million 0.18 0.18 0.19 0.2 0.35 0.4
a. Use exponential regression to model price p(t ) as the function of time t since 1994.
b. Extrapolate the model to evaluate cost of the two-bedroom uptown apartment in 2012.