TABLE 16-10
the Manager of a Marketing Consulting Firm Has $\text {SUMMARY OUTPUT}$

question 133

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 1980. 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 1980 is coded as 0, 1981 is coded as 1, etc.
$\text {SUMMARY OUTPUT}$

$\begin{array} { l r }\text {Regression Statistics}\\ \text { Multiple R } & 0.998 \\ \text { RSquare } & 0.996 \\ \text { Adjusted R Square } & 0.996 \\ \text { Standard Error } & 4.996 \\ \text { Observations } & 17 \end{array}$

$\begin{array}{lc} & \text { Coefficients } \\\text { Intercept } & 35.5 \\\text { Coded Year } & 0.45 \\\text { Year Squared } & 1.00 \\\hline\end{array}$

-Referring to Table 16-10, the fitted value for 1985 is ______.

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Definitions:

Emotional Reactions

Responses that involve feelings and emotions, often as a result of stimuli or situations that affect an individual's psychological state.

Cognitive Functioning

Refers to mental processes such as perception, memory, problem-solving, and decision-making that enable individuals to understand and interact with the world.

Hidden Agendas

Unstated personal or organizational motives driving behavior or decision-making, often conflicting with what is openly expressed.

Problem Exploration

The process of examining or investigating an issue in detail to understand its nature and implications.