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 ________.

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Definitions:

Norm Violations

Actions or behaviors that go against the accepted standards or rules of a society or group, often eliciting negative responses from others.

Psychological Disorder

A condition characterized by abnormal thoughts, feelings, or behaviors that cause distress or impairment in functioning.

Kleptomania

A psychiatric disorder characterized by an irresistible impulse to steal items that are not needed for personal use or monetary value.

Black Market

An illegal traffic or trade in officially controlled or scarce commodities, operating outside of officially sanctioned channels.