Using the number of stores open for Bed Bath & Beyond from 1997 through 2013 data for
Question:
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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Related Book For
Basic Business Statistics
ISBN: 9780321870025
13th Edition
Authors: Mark L. Berenson, David M. Levine, Kathryn A. Szabat
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