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

Answer the following questions using the data from the Excel file AOL. xlsx described in Problem 16.30:

From Problem

Revenue (million s) Quate 346 297 293 332 2011 313 319 318

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.

Revenue (million s) Quate 346 297 293 332 2011 313 319 318 364 2012 330 338 340 411 4

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