Question: what are the all of the steps necessary to perform...
Question details
What are the all of the steps necessary to perform in order to choose an appropriate forecasting model?
A. 
Perform a residual analysis, measure the magnitude of the residuals through squared differences, measure the magnitude of the residuals through absolute differences. 

B. 
Measure the magnitude of the residuals through squared differences, measure the magnitude of the residuals through absolute differences, use the principle of parsimony. 

C. 
Perform a residual analysis, measure the magnitude of the residuals through squared differences, measure the magnitude of the residuals through absolute differences, use the principle of parsimony. 

D. 
Perform a residual analysis, measure the magnitude of the residuals through squared differences, 