TABLE 16-9
the Executive Vice-President of a Drug Manufacturing Firm $\text {SUMMARY OUTPUT}$

question 123

Short Answer

TABLE 16-9
The executive vice-president of a drug manufacturing firm believes that the demand for the firm's most popular drug has been evidencing an exponential trend since 1985. She uses Microsoft Excel to obtain the partial output below. The dependent variable is the log base 10 of the demand for the drug, while the independent variable is years, where 1985 is coded as 0, 1986 is coded as 1, etc.
$\text {SUMMARY OUTPUT}$

$\begin{array} { l r }\text {Regression Statistics}\\ \text { Multiple R } & 0.996 \\ \text { R Square } & 0.992 \\ \text { Adjusted R Square } & 0.991 \\ \text { Standard Error } & 0.02831 \\ \text { Observations } & 12 \end{array}$

$\begin{array}{lc} & \text { Coefficients } \\\text { Intercept } & 1.44 \\\text { Coded Year } & 0.068\end{array}$

-Referring to Table 16-9, the fitted exponential trend equation to predict Y is ______ .

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Definitions:

Monthly Mortgage

The scheduled monthly payment towards the principal and interest of a mortgage loan.

Sublet

The act of leasing an apartment or house from a tenant rather than directly from the landlord or property owner.

Mortgage

A loan taken out by people to purchase a house.

Co-op

A cooperative, which is an organization owned and operated by its members who share the benefits.