Instruction 14-13
the Manager of a Marketing Consulting Firm Has

question 151

Short Answer

Instruction 14-13
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
$\begin{array} { l r } \text { Multiple R } & 0.998 \\ \text { R Square } & 0.996 \\ \text { Adjusted R Square } & 0.996 \\ \text { Standard Error } & 4.996 \\ \text { Observations } & 17 \end{array}$
$\quad\quad\quad\quad\quad\quad\quad$ Coefficients
Intercept $\quad\quad\quad\quad\quad 35.5$
Coded Year $\quad\quad\quad\quad 0.45$
$\begin{array} { l l } \text { Year Squared } & 1.00 \end{array}$
-Referring to Instruction 14-13,the forecast for profits in 2015 is ________.

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