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

question 38

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 forecast for profits in 2014 is ________.

---

Definitions:

Ulcer Staging

A classification system used to assess the severity and depth of pressure ulcers.

Halogen Light

A type of lighting that uses halogen gas within its bulbs to increase light output and efficiency compared to incandescent bulbs.

Braden Scale Score

A tool used to predict the risk of developing pressure ulcers by evaluating factors like mobility, sensory perception, and moisture.

Appendicitis

Inflammation of the appendix, a small appendage of the colon, which can cause severe abdominal pain and requires urgent surgical removal.