Question: a. Perform a residual analysis. b. Compute the standard error of the estimate (SYX). c. Compute the MAD. d. On the basis of (a) through

a. Perform a residual analysis.
b. Compute the standard error of the estimate (SYX).
c. Compute the MAD.
d. On the basis of (a) through (c), are you satisfied with your linear trend forecasts in Problem 16.13? Discuss.
For Information: Refer to the results for Problem 16.13 on page 625 that used the file GDP.

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