Instruction 14-9
the President of a Chain of Department Stores

question 78

Short Answer

Instruction 14-9
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1980. She uses Microsoft Excel to obtain the partial output below. The dependent variable is sales (in millions of dollars), while the independent variable is coded years, where 1990 is coded as 0, 1991 is coded as 1, etc.
$$\begin{array}{l}\text { SUMMAROUIPUT }\\\begin{array} { l l } \text { Regression Statistics } & \\\text { MultipleR } & 0.604 \\\text { R Square } & 0.365 \\\text { Adjusted R Square } & 0.316 \\\text { standard Error } & 4.800 \\\text { Observations } & 17 \\& \\& \text { Coefílients } \\\text { Intercept } & 31.2 \\\text { Coded Year } & 0.78\end{array}\end{array}$$
-Referring to Instruction 14-9,the forecast for sales (in millions of dollars)in 2015 is _______

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Definitions:

Debt Cancellation

The action of forgiving or nullifying a debt, relieving the debtor of the obligation to repay.

Tariff Reduction

The process of lowering taxes on imported goods, often aimed at promoting free trade among countries.

Infrastructural Support

The basic physical and organizational structures and facilities that provide underlying support for the operation of a society or enterprise.

Food Aid

The provision of food or nutritional resources to populations in need, often in response to famine, natural disasters, or conflict.