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

question 150

Short Answer

TABLE 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 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
Multiple R 0.998
R Square 0.996
Adjusted R Square 0.996
Standard Error 4.996
Observations 17
Coefficients
Intercept 35.5
Coded Year 0.45
Year Squared 1.00
-Referring to Table 16-8, the fitted value for 1990 is ________.

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Definitions:

Euglenoids

A diverse group of single-celled organisms belonging to the kingdom Protista, characterized by their flexible cell membranes and the presence of a flagellum.

Chlorophyll A

A primary photosynthetic pigment found in plants and cyanobacteria, responsible for absorbing light to provide energy for photosynthesis.

Multicellular

Pertains to organisms composed of more than one cell, exhibiting cellular differentiation and specialization.

Nonvascular

Plants or organisms that do not have vascular tissues for transporting water and nutrients.