Using the new, single-family house sales data for Problem 16.15 on page 569 and Problem 16.27 on

Question:

Using the new, single-family house sales data for Problem 16.15 on page 569 and Problem 16.27 on page 579 (stored in HouseSales ),
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.