Question: Hotel occupancy rate. Continue the previous exercise. HOTEL (a) Make indicator variables for the months of the year, and fit a linear trend along with

Hotel occupancy rate. Continue the previous exercise. HOTEL

(a) Make indicator variables for the months of the year, and fit a linear trend along with 11 indicators to the data series. Report your estimated model.

(b) Does the regression output suggest the presence of a trend? Explain how you reach your conclusion.

(c) Based on the fit, make a forecast for occupancy rate for July 2014.

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