Instruction 14-11
the Manager of a Marketing Consulting Firm Has $\text { SUMMAROUTPUT }$

question 51

Short Answer

Instruction 14-11
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.
$\text { SUMMAROUTPUT }$
$\text { Regression Statistics }$
$\begin{array}{ll}\text { MultipleR } & 0.998 \\\text { R Square } & 0.996 \\\text { Adjusted R Square } & 0.996 \\\text { StandardError } & 4.996 \\\text { Observations } & 17\end{array}$

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

-Referring to Instruction 14-11,the forecast for profits in 2015 is _______

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