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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 equations
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 to) below. Y,= 7667+28 sooox, \\?'=239i+1435x,+33831xi2 Click the icon to View the data table. a. Compute the standard error of the estimate (SYX) for each model Linear Quadratic SYX (Round to three decimal places as needed) b. Compute the MAD for each model Linear Quadratic MAD (Round to three deCImal places as needed) c. On the basis of (a) and (b) and the pririCiple ot parsimony which forecasting mode would you select? The model With the V values of '5YX and MAD should be used' which is the V model
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