Explore BrainMass
Share

Forecasting Model Approaches

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

a. perform a residual analysis.
b. measure the size of the forecasting error.
c. use the principle of parsimony.
d. all of the above.

© BrainMass Inc. brainmass.com June 18, 2018, 9:39 am ad1c9bdddf

Solution Preview

Correct answer is (d). all of the above.

For choosing an appropriate forecasting model following ...

Solution Summary

The solution selects an appropriate forecasting model for a specific approach.

$2.19