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The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting
The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting equations below were found, where X is the number of years after 2000. Complete parts (a) through (d) below. =-11.489+28.6500X = 20.46 +1.265X; +3.4232x? Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Syx Linear Quadratic (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear MAD Quadratic Yearly Amount of Solar Power Installed Amount Year (megawatts) 2000 15 2001 25 2002 42 2003 69 2004 78 2005 99 2006 142 2007 208 model. 2008 250 (Round to three decimal places as needed.) c. On the basis of (a) and (b) and the principle of parsimony, which forecasting model would you select? The model with the values of Syx and MAD should be used, which is the
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