Answer the following questions using the data from the Excel file AOL. xlsx described in Problem 16.30:
Question:
Answer the following questions using the data from the Excel file AOL. xlsx described in Problem 16.30:
From Problem
a. Forecast the advertising revenue for each quarter in 2013 using seasonal dummy variables and a best subsets regression.
b. Interpret the meaning of the coefficients for the seasonal dummy variables.
c. Calculate the MAD for this forecast.
Transcribed Image Text:
Revenue (million s) Quate 346 297 293 332 2011 313 319 318 364 2012 330 338 340 411 4
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a Dummy Variables SD1 SD2 SD3 Quarter 1 0 0 0 Quarter 2 1 0 0 Quarter 3 0 1 0 Quarter 4 0 0 1 Set ...View the full answer
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