Question: Using the number of stores open for Bed Bath & Beyond from 1997 through 2012 data for Problem 16.12 on page 625 and Problem 16.28

Using the number of stores open for Bed Bath & Beyond from 1997 through 2012 data for Problem 16.12 on page 625 and Problem 16.28 on page 634 (stored in Bed & Bath).
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 parsi¬mony, which forecasting model would you select? Discuss.

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