TABLE 16-8 The President of a Chain of Department Stores Believes That

question 72

Short Answer

TABLE 16-8
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1990. She uses Microsoft Excel to obtain the partial output below. The dependent variable is sales (in millions of dollars), while the independent variable is coded years, where 1990 is coded as 0, 1991 is coded as 1, etc.
SUMMARY OUTPUT
Regression Statistics

-Referring to Table 16-8, the forecast for sales (in millions of dollars) in 2015 is ________.

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Definitions:

Independent Contractors

Individuals or entities that perform work for another entity under a contractual agreement, but are not considered employees of that entity.

Task-focused

An approach or mindset that prioritizes the completion of tasks over other considerations, such as social interactions or emotional well-being.

First Amendment

The first amendment to the United States Constitution, guaranteeing freedoms concerning religion, expression, assembly, and the right to petition.

Public Employees

Individuals who work for government bodies, including local, state, or federal agencies.