Using the number of passenger cars produced in the U.S. from 1999 to 2011 data for Problem

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Using the number of passenger cars produced in the U.S. from 1999 to 2011 data for Problem 16.17 on page 626 and Problem 16.29 on page 634 (stored in Car Production).
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.
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Statistics For Managers Using Microsoft Excel

ISBN: 772

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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