Question: Using the bonuses paid to workers on Wall Street data for Problem 16.12 on page 569 and Problem 16.28 on page 579 (stored in Bonuses),

Using the bonuses paid to workers on Wall Street data for Problem 16.12 on page 569 and Problem 16.28 on page 579 (stored in Bonuses),

a. perform a residual analysis for each model.

b. compute the standard error of the estimate (SYX) for each model.

c. compute the MAD for each model.

d. On the basis of (a) through (c) and the principle of parsimony, which forecasting model would you select? Discuss.

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