Written Assignment 2

Complete Exercise Then, write a paper that addresses your responses. Use the text and other sources of information to explain why you think each of the statements is true or false. Make sure that your response addresses the use of transformations and residuals, and that you are calculating forecast intervals. Explain how a company can use this information to make specific decisions about future sales. paper should be written in narrative form in APA style. Cite one source other than the text for each of your responses Are the following statements true or false? Explain your answer. Exercise 7: a. Good forecast methods should have normally distributed residuals. b. A model with small residuals will give good forecasts. c. The best measure of forecast accuracy is MAPE. d. If your model doesn’t forecast well, you should make it more complicated. e. Always choose the model with the best forecast accuracy as measured on the test set.

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