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The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting equatic below were found, where X is the number of years after 2000. Complete parts (a) through (d) below. Y-11.578+28.7000X, Y₁ = 19.29 +2.241X; +3.3074X Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Linear Syx (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear Quadratic The model with the Quadratic C MAD (Round to three decimal places as needed.) c. On the basis of (a) and (b) and the principle of parsimony, which forecasting model would you select? values of Syx and MAD should be used, which is the model. Yearly Amount of Solar Power Installed Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Print Amount (megawatts) 15 24 41 66 86 100 138 210 249 D Done

The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting equatic below were found, where X is the number of years after 2000. Complete parts (a) through (d) below. Y-11.578+28.7000X, Y₁ = 19.29 +2.241X; +3.3074X Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Linear Syx (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear Quadratic The model with the Quadratic C MAD (Round to three decimal places as needed.) c. On the basis of (a) and (b) and the principle of parsimony, which forecasting model would you select? values of Syx and MAD should be used, which is the model. Yearly Amount of Solar Power Installed Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Print Amount (megawatts) 15 24 41 66 86 100 138 210 249 D Done

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting equations below were found, where X is the number of years after 2000. Complete parts (a) through (d) below. Y = -11.578 +28.7000X Y₁ = 19.29 +2.241X; +3.3074X Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Linear Syx (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear Quadratic The model with the Quadratic ... MAD (Round to three decimal places as needed.) c. On the basis of (a) and (b) and the principle of parsimony, which forecasting model would you select? ✓values of Syx and MAD should be used, which is the model. Yearly Amount of Solar Power Installed Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Print Amount (megawatts) 15 24 41 66 86 100 138 210 249 D Done
Transcribed Image Text:The accompanying data represent the yearly amount of solar power installed (in megawatts) in a particular area from 2000 through 2008. The trend forecasting equations below were found, where X is the number of years after 2000. Complete parts (a) through (d) below. Y = -11.578 +28.7000X Y₁ = 19.29 +2.241X; +3.3074X Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Linear Syx (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear Quadratic The model with the Quadratic ... MAD (Round to three decimal places as needed.) c. On the basis of (a) and (b) and the principle of parsimony, which forecasting model would you select? ✓values of Syx and MAD should be used, which is the model. Yearly Amount of Solar Power Installed Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Print Amount (megawatts) 15 24 41 66 86 100 138 210 249 D Done
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