[Answered] True or False: In selecting a forecasting model, you should perform a residual analysis. Indicate ...

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tsand2

Hero Member
Posts: 520

on: Jun 24, 2018

True or False: In selecting a forecasting model, you should perform a residual analysis.

Indicate whether the statement is true or false

Question 2

True or False: The principle of parsimony indicates that the simplest model that gets the job done adequately should be used.

Indicate whether the statement is true or false

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C.mcnichol98

Sr. Member
Posts: 314

Reply #1 on: Jun 24, 2018

Answer to Question 1

TRUE

Answer to Question 2

TRUE

tsand2

Hero Member
Posts: 520

Reply #2 on: Jun 24, 2018

Correct answers!

C.mcnichol98

Sr. Member
Posts: 314

Reply #3 on: Jun 24, 2018

Great! Please up vote

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