TABLE 16-1
The number of cases of chardonnay wine sold by a Paso Robles winery in an 8-year period follows.
-The following is the list of MAD statistics for each of the models you have estimated from time-series data:
Based on the MAD criterion, the most appropriate model is
A) linear trend.
B) quadratic trend.
C) exponential trend.
D) second-order autoregressive.

Question

TABLE 16-1
The number of cases of chardonnay wine sold by a Paso Robles winery in an 8-year period follows. 
-The following is the list of MAD statistics for each of the models you have estimated from time-series data: 
Based on the MAD criterion, the most appropriate model is
A) linear trend. 
B) quadratic trend. 
C) exponential trend. 
D) second-order autoregressive.

Quizplus · Accepted Answer

The Answer of TABLE 16-1
The number of cases of chardonnay wine sold by a Paso Robles winery in an 8-year period follows. 
-The following is the list of MAD statistics for each of the models you have estimated from time-series data: 
Based on the MAD criterion, the most appropriate model is
A) linear trend. 
B) quadratic trend. 
C) exponential trend. 
D) second-order autoregressive.

TABLE 16-1 the Number of Cases of Chardonnay Wine Sold by a by a Paso