Explore BrainMass
Share

Forecasting Model Approaches

This content was STOLEN from BrainMass.com - View the original, and get the solution, here!

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 September 26, 2018, 3:34 am ad1c9bdddf - https://brainmass.com/statistics/multivariate-time-series-and-survival-analysis/forecasting-model-approaches-214448

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