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Forecast the advertising revenue for each quarter in 2011 using seasonal dummy variables and a best subsets regression then calculate the MAD for the forecast.

Forecast the advertising revenue for each quarter in 2011 using seasonal dummy variables and a best subsets regression then calculate the MAD for the forecast. (Let the first dummy variable be equal to 1 for Quarter 2, and so on, following the order of the seasonal categories in the given table.) Interpret the meaning of the coefficients for the seasonal dummy variables.

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2008 Quarter Revenue ($ millions) 1 540 2 516 3 488 4 500 2009 Quarter Revenue ($ millions) 1 433 2 407 3 402 4 460 2010 Quarter Revenue ($ millions) 1 347 2 297 3 292 4 332 2008 Quarter Revenue ($ millions) 1 540 2 516 3 488 4 500 2009 Quarter Revenue ($ millions) 1 433 2 407 3 402 4 460 2010 Quarter Revenue ($ millions) 1 347 2 297 3 292 4 332

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