The monthly value of sales for the first 3 years of a restaurant’s operation is shown...

The monthly value of sales for the first 3 years of a restaurant’s operation is shown below (values are in 1,000 USD).

Use a multiple linear regression model with dummy variables to develop an equation to account for seasonal effect in the data. (data below) ---- SHOW IN EXCEL

Month	Sales
1	242
2	235
3	232
4	178
5	184
6	140
7	145
8	152
9	110
10	130
11	152
12	206
13	263
14	238
15	247
16	193
17	193
18	149
19	157
20	161
21	122
22	130
23	167
24	230
25	282
26	255
27	265
28	205
29	210
30	160
31	166
32	174
33	126
34	148
35	173

Expert Solution

orchestra answered 1 year ago

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