4) the accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12- month moving average forecast using the MAD criterion. Which of the two models yields better results? (See picture) Find the MAD for the 3 month moving average forcast. MAD = _____
4) the accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12- month moving average forecast using the MAD criterion. Which of the two models yields better results? (See picture) Find the MAD for the 3 month moving average forcast. MAD = _____
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4) the accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12- month moving average forecast using the MAD criterion. Which of the two models yields better results? (See picture)
Find the MAD for the 3 month moving average forcast.
MAD = _____
![Year
2009
2009
Month
Jan
Feb
Mar
Apr
May
Rate (%)
7.8
8.2
8.7
8.9
2009
2009
2009
2009
9.6
9.5
Jun
2009
2009
2009
2009
2009
2009
2010
2010
2010
2010
Jul
9.4
Aug
Sep
Ocl
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
9.7
10.1
9.9
9.8
9.8
9.7
2010
2010
2010
2010
2010
9.9
10.1
9.7
9.3
9.6
Jul
Aug
Sep
Oct
Nov
Dec
9.4
9.6
2010
9.5
2010
2010
2011
2011
9.8
9.4
Jan
Feb
Mar
Apr
May
9.1
8.9
2011
8.7
9.1
8.8
9.1
8.9
2011
2011
2011
2011
Jun
Jul
Aug
Sep
Oct
9.1
9.2
8.7
2011
2011
2011
2011
2011
Nov
Dec
8.4
8.4
8.4
8.4
8.1
8.1
8.1
8.1
8.1
8.1
7.8
7.7
2012
Jan
2012
Feb
2012
2012
2012
Mar
Apr
May
Jun
Jul
2012
2012
2012
2012
2012
2012
2012
Aug
Sep
Oct
Nov
Dec
7.7
7.9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0a08c678-100e-4106-b818-092f6da34e38%2F92e89f97-f09d-4985-91f7-ef70915b23f0%2F0qy99sj_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Year
2009
2009
Month
Jan
Feb
Mar
Apr
May
Rate (%)
7.8
8.2
8.7
8.9
2009
2009
2009
2009
9.6
9.5
Jun
2009
2009
2009
2009
2009
2009
2010
2010
2010
2010
Jul
9.4
Aug
Sep
Ocl
Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
9.7
10.1
9.9
9.8
9.8
9.7
2010
2010
2010
2010
2010
9.9
10.1
9.7
9.3
9.6
Jul
Aug
Sep
Oct
Nov
Dec
9.4
9.6
2010
9.5
2010
2010
2011
2011
9.8
9.4
Jan
Feb
Mar
Apr
May
9.1
8.9
2011
8.7
9.1
8.8
9.1
8.9
2011
2011
2011
2011
Jun
Jul
Aug
Sep
Oct
9.1
9.2
8.7
2011
2011
2011
2011
2011
Nov
Dec
8.4
8.4
8.4
8.4
8.1
8.1
8.1
8.1
8.1
8.1
7.8
7.7
2012
Jan
2012
Feb
2012
2012
2012
Mar
Apr
May
Jun
Jul
2012
2012
2012
2012
2012
2012
2012
Aug
Sep
Oct
Nov
Dec
7.7
7.9
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