The accompanying data represent the yearly amount of solar power installed(in megawatts) in a particular area from
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Question:
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 werefound, where X is the number of years after 2000. Complete parts(a) through(c) below.
Yi=8.956+28.6000Xi
Yi=23.57+0.721Xi+3.4848X2i
Year Amount
2000 15
2001 32
2002 45
2003 67
2004 85
2005 100
2006 141
2007 209
2008 255
a.
Compute the standard error of the estimate (SYX) for each model.
Linear
Quadratic
b.
Compute the MAD for each model.
Linear
Quadratic
c.) the basis of(a) and(b) and the principle ofparsimony, which forecasting model would youselect?
The model with the ______ values of SYX and MAD should beused, which is the _____
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