In selecting an appropriate forecasting model, the followingapproaches are sugge

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Question

In selecting an appropriate forecasting model, the followingapproaches are suggested: A)Use the principle of parsimony.
B)Measure the size of the forecasting error.
C)Perform a residual analysis.
D)all of the above
8. To assess the adequacy of a forecasting model, one measurethat is often used is A)the MAD.
B)quadratic trend analysis.
C)moving averages.
D)exponential smoothing.
9. Which of the following methods should not be used forshort-term forecasts into the future? A)autoregressive modeling
B)moving averages
C)exponential smoothing
D)linear trend model
In selecting an appropriate forecasting model, the followingapproaches are suggested: A)Use the principle of parsimony.
B)Measure the size of the forecasting error.
C)Perform a residual analysis.
D)all of the above
In selecting an appropriate forecasting model, the followingapproaches are suggested: 8. To assess the adequacy of a forecasting model, one measurethat is often used is A)the MAD.
B)quadratic trend analysis.
C)moving averages.
D)exponential smoothing.
8. To assess the adequacy of a forecasting model, one measurethat is often used is A)the MAD.
B)quadratic trend analysis.
C)moving averages.
D)exponential smoothing.
To assess the adequacy of a forecasting model, one measurethat is often used is 9. Which of the following methods should not be used forshort-term forecasts into the future? A)autoregressive modeling
B)moving averages
C)exponential smoothing
D)linear trend model
9. Which of the following methods should not be used forshort-term forecasts into the future? A)autoregressive modeling
B)moving averages
C)exponential smoothing
D)linear trend model
Which of the following methods should not be used forshort-term forecasts into the future?

Explanation / Answer

7) C)Perform a residual analysis. 8) A) The MAD. 9)D) linear trend model

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