Using the time series shown in Problem 16.25, answer the following questions: a. Forecast the demand for
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Using the time series shown in Problem 16.25, answer the following questions:
a. Forecast the demand for each quarter in Year 4 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.
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