- The Accompanying Data Represent The Yearly Amount Of Solar Power Installed In Megawatts In A Particular Area From 2000 1 (43.55 KiB) Viewed 94 times
The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000
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The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000
The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting equations below were found, where X is the number of years after 2000. Complete parts (a) through (d) below. Y = -8.489 +28.3167X; Ť= 22.01 +2.178X, +3.2673x? Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Linear Quadratic Syx х Yearly Amount of Solar Power Installed (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear Quadratic MAD (Round to three decimal places as needed.) c. On the basis of (a) and (b) and the principle of parsimony, which forecasting model would you select? Amount Year (megawatts) 2000 17 2001 28 2002 47 2003 63 2004 84 2005 104 2006 143 2007 210 2008 247 The model with the values of Syx and MAD should be used, which is the V model. Print Done