Question
[4/10, 9:01 AM] Qevoh: An analyst has de-seasonalized quarterly sales data for the past five years. S/he applied linear regression to these data, using Sales
[4/10, 9:01 AM] Qevoh: An analyst has de-seasonalized quarterly sales data for the past five years. S/he applied linear regression to these data, using Sales as a dependent variable and Time as Independent variable. For each quarter in the analysis, Actual sales were subtracted from sales "estimated" by the regression line. The above procedure describes the computation of:
Nave forecasts
Cyclical Residuals
Seasonally adjusted moving average
R2 (coefficient of determination)
Machalonobis D2
[4/10, 9:02 AM] Qevoh: 3. Fit both models obtained in part 2. Obtain the summary given by R for each model and comment.
For the smallest model found in part 2 answer the following question:
4.Find the influential points (using the R command influence.measures(model))
[PART 2 was --> 2. Starting with the regression of HT18 on all six regressors, use backward elimination to find the "best" model using the AIC criteria. (R code: step(model)). Then find the "best" model using the BIC criteria.)
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