TABLE 16-8 The Manager of a Marketing Consulting Firm Has Been Examining

question 158

Short Answer

TABLE 16-8
The manager of a marketing consulting firm has been examining his company's yearly profits.He believes that these profits have been showing a quadratic trend since 1994.He uses Microsoft Excel to obtain the partial output below.The dependent variable is profit (in thousands of dollars),while the independent variables are coded years and squared of coded years,where 1994 is coded as 0,1995 is coded as 1,etc.
SUMMARY OUTPUT
Regression Statistics
Multiple R 0.998
R Square 0.996
Adjusted R Square 0.996
Standard Error 4.996
Observations 17
Coefficients
Intercept 35.5
Coded Year 0.45
Year Squared 1.00
-Referring to Table 16-8,the fitted value for 1994 is ________.

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Definitions:

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Property Interest

A legal right or interest in a tangible or intangible object, which provides the holder certain privileges regarding the use, disposition, and possession of the property.

Restrict

To limit or control the size, amount, or range of something through regulations or conditions.

Uniform Commercial Code

A comprehensive set of laws governing commercial transactions in the United States, designed to harmonize the law of sales and other commercial contracts.