SCENARIO 16-8 The Manager of a Marketing Consulting Firm Has Been Examining

question 154

Short Answer

SCENARIO 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.

-Referring to Scenario 16-8,the fitted value for 1994 is .

---

Definitions:

Peripheral Nervous System

The peripheral nervous system consists of the nerves and ganglia outside of the brain and spinal cord, responsible for transmitting information to and from the central nervous system.

Scent

A distinctive smell, especially one that is pleasant or that is used by animals or humans for communication or attraction.

Bilaterally Symmetrical

Refers to a form of symmetry where the body is divided into equal left and right halves.

Evolutionary Advances

Innovations or developments within organisms over time that enhance survival, reproduction, or adaptation to environmental changes.