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

question 62

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 1999 is ________.

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Definitions:

Self-Contained

Referring to a system or entity that has all necessary components within itself to function independently.

Cash Management System

A framework used by companies and individuals to manage, monitor, and control their cash flow and liquidity efficiently.

Disbursement Float

The time delay between when a check is written and the funds are actually deducted from the payer's account.

Collections Float

The time gap between when a check is deposited in a bank and when the funds become available, affecting the cash flow of the business.