Time Series Forecasting with Multiple Regression

In this video, I demonstrate how to do time series forecasting, accounting for seasonality using multiple regression.  I use dummy variables to account for seasonal effects.  I use MS Excel Data Analysis pack and use the regression command.  After completing the regression analysis, I demonstrate how to use the estimated regression function to forecast into the future and account for seasonality.  I finally show how to calculate the mean absolute error (MAE).

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• #regression
• #forecasting
• #time_series
• #seasonality