Develop a multiple regression model with categorical variables that incorporate seasonality for forecasting 2010 housing starts using the 2008 and 2009 data in the Excel file Housing Starts. Please give formulas and Where to place them. Thank you!!
Added by Michelle M.
Step 1
You can assign a value of 1 for the corresponding season and 0 for all other seasons. For example, if there are four seasons (Spring, Summer, Fall, Winter), you would create three dummy variables. Show more…
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