TABLE 16-11 The Manager of a Health Club Has Recorded Mean Attendance

True/False

TABLE 16-11
The manager of a health club has recorded mean attendance in newly introduced step classes over the last 15 months: 32.1,39.5,40.3,46.0,65.2,73.1,83.7,106.8,118.0,133.1,163.3,182.8,205.6,249.1,and 263.5.She then used Microsoft Excel to obtain the following partial output for both a first- and second-order autoregressive model.
SUMMARY OUTPUT - 2nd Order Model
Regression Statistics
Multiple R 0.993
R Square 0.987
Adjusted R Square 0.985
Standard Error 9.276
Observations 15
Coefficients
Intercept 5.86
X Variable 1 0.37
X Variable 2 0.85
SUMMARY OUTPUT - 1st Order Model
Regression Statistics
Multiple R 0.993
R Square 0.987
Adjusted R Square 0.985
Standard Error 9.150
Observations 15
Coefficients
Intercept 5.66
X Variable 1 1.10
-True or False: Referring to Table 16-11,based on the parsimony principle,the second-order model is the better model for making forecasts.