TABLE 16-10 The Manager of a Marketing Consulting Firm Has Been Examining

question 67

Short Answer

TABLE 16-10
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 1990. 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 1990 is coded as 0, 1991 is coded as 1, etc.
SUMMARY OUTPUT
Regression Statistics

-Referring to Table 16-10, the forecast for profits in 2010 is ________.

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Definitions:

Jobs

Positions of employment where individuals perform specific tasks in exchange for monetary compensation, benefits, or both.

Employment Relations

The study and practice concerning the management and regulation of work relationships, including aspects of bargaining, rights, and obligations of employers and employees.

Self-Employed People

Individuals who work for themselves rather than being employed by an organization, often running their own businesses or freelancing.