Author Question: Herb Criner, an analyst for the Folgerty Company, recently gave a report in which he stated that the ... (Read 39 times)

crazycityslicker · **on:** Jun 24, 2018

Herb Criner, an analyst for the Folgerty Company, recently gave a report in which he stated that the annual sales forecast based on 20 years of annual sales data was done using a seasonally adjusted, trend-based forecasting technique.

Given the information presented here, this statement has the potential to be credible. Indicate whether the statement is true or false

Question 2

If a polynomial model has a larger R-square than a linear model for the same set of data, this is one indication that the polynomial model fits the data better than the linear model.

Indicate whether the statement is true or false