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Bob Analyzed Water Damage Claims Filed at a Small Louisiana

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Bob analyzed water damage claims filed at a small Louisiana home insurance company over the last 15 years. He fitted several different trend models, shown below. Which trend model seems most reasonable (or more than one) for making forecasts for the next three years? What about the principle of Occam's Razor?
Bob analyzed water damage claims filed at a small Louisiana home insurance company over the last 15 years. He fitted several different trend models, shown below. Which trend model seems most reasonable (or more than one) for making forecasts for the next three years? What about the principle of Occam's Razor? Bob analyzed water damage claims filed at a small Louisiana home insurance company over the last 15 years. He fitted several different trend models, shown below. Which trend model seems most reasonable (or more than one) for making forecasts for the next three years? What about the principle of Occam's Razor? Bob analyzed water damage claims filed at a small Louisiana home insurance company over the last 15 years. He fitted several different trend models, shown below. Which trend model seems most reasonable (or more than one) for making forecasts for the next three years? What about the principle of Occam's Razor? Bob analyzed water damage claims filed at a small Louisiana home insurance company over the last 15 years. He fitted several different trend models, shown below. Which trend model seems most reasonable (or more than one) for making forecasts for the next three years? What about the principle of Occam's Razor?

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Although the fourth-order polynomial giv...

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