David -
Excel's logarithmic trendline fits y = c*LN(x) + b.
Excel's exponential trendline fits y = c*EXP(b*x).
Excel's LOGEST function fits y = b*m^x. The b value corresponds to c in the
trendline exponential function, and the m corresponds to EXP(b).
So, LOGEST is a worksheet equivalent to exponential trendline, not to
logarithmic trendline.
- Mike
www.mikemiddleton.com