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

This topic contains a solution. Click here to go to the answer

Author Question: True or False: In selecting a forecasting model, you should perform a residual analysis. Indicate ... (Read 82 times)

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

Need homework help now?

Ask unlimited questions for free

Ask a Question

Marked as best answer by a Subject Expert

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

« previous next »

Did you know?

Medication errors are three times higher among children and infants than with adults.

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Illicit drug use costs the United States approximately $181 billion every year.