Refer to the results in Problem 16.17 on page 682 and Problem 16.29 on page 692 concerning the amount of electronic items recycled (stored in E-Cycling).
a. Perform a residual analysis for each model.
b. Compute the standard error of the estimate (Syx) for each model.
c. Compute the MAD for each model.
d. On the basis of (a) through (c) and the principle of parsimony, which forecasting model would you select? Discuss.