SCENARIO 16-7 The Executive Vice-President of a Drug Manufacturing Firm Believes That

question 73

Short Answer

SCENARIO 16-7
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 1999.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 1999 is coded as 0,2000 is coded as 1,etc.

-Referring to Scenario 16-7,the fitted exponential trend equation to predict Y is .

---

Definitions:

Pension Program

A retirement plan offered by an employer that provides a regular income to employees after they retire.

Paid Vacation

A period of time, often legally mandated, during which an employee is allowed to be away from work while still receiving pay.

Workers' Compensation

State programs that provide benefits to workers who suffer work-related injuries or illnesses, or to their survivors.

Employee Retirement Income Security Act

A federal law that sets minimum standards for most voluntarily established pension and health plans in private industry to provide protection for individuals in these plans.