In selecting an appropriate forecasting model, the following ...

[Frost2351]

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

[kmb352]

Answer to Question 1

D

Answer to Question 2

TRUE

[Frost2351]

Thanks for the timely response, appreciate it

[smrtceo]

TYSM