SCENARIO 16-6
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1993.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 1993 is coded as 0,1994 is coded as 1,etc.

-Referring to Scenario 16-6,the forecast for sales (in millions of dollars)in 2015 is .

Question

SCENARIO 16-6
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1993.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 1993 is coded as 0,1994 is coded as 1,etc.
 
-Referring to Scenario 16-6,the forecast for sales (in millions of dollars)in 2015 is .

Quizplus · Accepted Answer

The Answer of SCENARIO 16-6
The president of a chain of department stores believes that her stores' total sales have been showing a linear trend since 1993.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 1993 is coded as 0,1994 is coded as 1,etc.
 
-Referring to Scenario 16-6,the forecast for sales (in millions of dollars)in 2015 is .

SCENARIO 16-6 The President of a Chain of Department Stores Believes That