If a forecasting model produces forecast errors (residuals) that ...

[anshika]

If a forecasting model produces forecast errors (residuals) that are negatively correlated, then we expect a negative residual to be followed by another negative residual to be followed by another negative residual and so forth.
 
  Indicate whether the statement is true or false

Question 2

In a forward selection stepwise regression process, the second variable to be selected from the list of potential independent variables is always the one that has the second highest correlation with the dependent variable.
 
  Indicate whether the statement is true or false

[onowka]

Answer to Question 1

FALSE

Answer to Question 2

FALSE

[anshika]

Thanks for the timely response, appreciate it

[AngeliqueG]

Excellent