Instruction 14-11
the President of a Chain of Department Stores

question 50

Short Answer

Instruction 14-11
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.
SUMMARY OUTPUT
Regression Statistics
$\begin{array} { l r } \text { Multiple R } & 0.604 \\ \text { R Square } & 0.365 \\ \text { Adjusted R Square } & 0.316 \\ \text { Standard Error } & 4.800 \\ \text { Observations } & 17 \end{array}$
$\quad\quad\quad\quad\quad\quad\quad$ Coefficients
$\quad$ Intercept $\quad\quad\quad\quad 31.2$
$\begin{array} { l l } \text { Coded Year } \quad & 0.78 \end{array}$
-Referring to Instruction 14-11,the forecast for sales (in millions of dollars)in 2015 is ________.

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Definitions:

Bureaucracy

An organizational structure characterized by standardized procedures, hierarchical divisions, and a clear set of rules and regulations to manage large organizations.

Network Structures

The arrangement and interconnection of elements within a network, defining how they communicate and cooperate.

Overheads

The ongoing expenses of operating a business that are not directly attributed to creating a product or service, such as rent, utilities, and administrative costs.

Lack of Loyalty

The absence of fidelity or allegiance towards a group, organization, or cause, often leading to trust issues or instability.