Question: Using the number of stores open for Bed Bath & Beyond from 1997 through 2013 data for Problem 16.12 on page 645 and Problem 16.28

Using the number of stores open for Bed Bath & Beyond from 1997 through 2013 data for Problem 16.12 on page 645 and Problem 16.28 on page 654 (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 parsimony, which forecasting model would you select? Discuss.

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