Instruction 14-12
the Executive Vice-President of a Drug Manufacturing Firm

Short Answer

Instruction 14-12
The executive vice-president of a drug manufacturing firm believes that the demand for the firm's most popular drug has been evidencing an exponential trend since 1995.She uses Microsoft Excel to obtain the partial output below.The dependent variable is the log base 10 of the demand for the drug,while the independent variable is years,where 1995 is coded as 0,1996 is coded as 1,etc.
SUMMARY OUTPUT
Regression Statistics
$\begin{array} { l r } \text { Multiple R } & 0.996 \\ \text { R Square } & 0.992 \\ \text { Adjusted R Square } & 0.991 \\ \text { Standard Error } & 0.02831 \end{array}$
Observations $\quad \quad \quad \quad \quad \quad \quad \quad$ 12
$\quad \quad \quad \quad \quad \quad$ Coefficients
$\begin{array} { l r } \text { Intercept } & 1.44 \\ \text { Coded Year } & 0.068 \end{array}$
-Referring to Instruction 14-12,the forecast for the demand in 2012 is ________.