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) Ŷ₁ =-9.156+28.5667X, Ŷ 22 46+1.467X, +3.3874X Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Quadratic Syx 0 (Round to three decimal places as needed.). b. Compute the MAD for each model. Linear Linear 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? The model with the values of Syx and MAD should be used, which is the quadratic Enear model. 4 autoregressive Yearly Amount of Solar Power Installed Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Amount (megawatts) 16 28 44 Print 71 85 98 142 209 253 Done X

MATLAB: An Introduction with Applications
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K
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 = -9.156+28.5667X, Y₁ = 22 46 +1.467X₁ +3.3874X²
Click the icon to view the data table.
a. Compute the standard error of the estimate (Syx) for each model.
Linear
Quadratic
Syx
(Round to three decimal places as needed.)
b. Compute the MAD for each model.
Linear
Quadratic
MAD
0
(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?
The model with the
values of Syx and MAD should be used, which is the
quadratic
linear
model.
autoregressive
4
exponential
Yearly Amount of Solar Power Installed
Year
2000
2001
2002
2003
2004
2005
2006
2007
2008
Amount
(megawatts)
16
28
44
71
85
98
142
209
253
Print
D
Done
X
Clear all
Check answer
80
3:21 PM
01/28/2024
Transcribed Image Text:K 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 = -9.156+28.5667X, Y₁ = 22 46 +1.467X₁ +3.3874X² Click the icon to view the data table. a. Compute the standard error of the estimate (Syx) for each model. Linear Quadratic Syx (Round to three decimal places as needed.) b. Compute the MAD for each model. Linear Quadratic MAD 0 (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? The model with the values of Syx and MAD should be used, which is the quadratic linear model. autoregressive 4 exponential Yearly Amount of Solar Power Installed Year 2000 2001 2002 2003 2004 2005 2006 2007 2008 Amount (megawatts) 16 28 44 71 85 98 142 209 253 Print D Done X Clear all Check answer 80 3:21 PM 01/28/2024
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