Author Question: In selecting an appropriate forecasting model, the following approaches are suggested: A) Measure ... (Read 52 times)

Frost2351 · **on:** Jun 24, 2018

In selecting an appropriate forecasting model, the following approaches are suggested:

A) Measure the size of the forecasting error. B) Use the principle of parsimony.
C) Perform a residual analysis. D) All of the above.

Question 2

True or False: The method of least squares may be used to estimate both linear and curvilinear trends.

Indicate whether the statement is true or false