YearU.S.CanadaAustraliaJapanFranceGermanyItaly15.55.62.12.31.624.825.56.51.61.71.51.13.736.76.73.01.51.20.63.245.55.52.91.31.40.62.855.75.22.31.31.60.52.465.24.41.41.21.20.42.774.53.61.31.21.60.33.583.83.41.61.41.60.33.793.83.81.91.32.11.33.4103.64.51.81.22.71.13.5113.54.41.81.12.30.63.5124.95.71.61.22.50.53.2135.96.21.91.32.80.63.3145.66.22.61.42.90.73.8154.95.52.31.32.80.73.7165.65.32.71.42.91.63.1178.56.94.91.94.23.43.4187.77.24.824.63.43.9197.18.15.625.23.44.1206.18.46.32.35.43.34.1215.87.56.32.16.12.94.4227.17.56.126.52.84.4237.67.65.82.27.644.9249.7117.22.48.35.65.4259.611.910.02.78.66.95.9267.511.39.02.8107.15.9277.210.58.32.610.57.262879.68.12.810.66.67.5296.28.98.12.910.86.37.9305.57.87.22.510.36.37.9315.37.56.22.39.65.77.8325.68.16.92.19.157336.810.49.62.19.64.36.9347.511.310.82.210.44.67.3356.911.210.92.511.85.710.2366.110.49.72.912.36.511.3375.69.58.53.211.86.512385.49.78.63.412.57.212.1394.99.28.63.412.47.812.3404.58.38.04.111.87.512.3 QUESTION 5Use the International Labor database Time series database on "Excel Databases.xls" showing the unemployment rate (%) over the past 40 years in various countries.Specifically for the US, create two different forecasts using exponential smoothing. Let forecast A use an exponential smoothing constant, a = 0.2, and forecast B use anexponential smoothing constant, a = 0.8. Which model produces more accurate forecasts, why? Use the MAD to support your answer.O Forecast A because the MAD is lower.O Forecast B because the MAD is lower.O Forecast A because the MAD is higher.O Forecast B because the MAD is higher.

Formula: Mean Absolute Deviation, MAD=∑i=1nxi-x⏜nwhere, xi= Actual…

Answered: QUESTION 5 Use the International Labor…

MATLAB: An Introduction with Applications

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ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

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Year	U.S.	Canada	Australia	Japan	France	Germany	Italy
1	5.5	5.6	2.1	2.3	1.6	2	4.8
2	5.5	6.5	1.6	1.7	1.5	1.1	3.7
3	6.7	6.7	3.0	1.5	1.2	0.6	3.2
4	5.5	5.5	2.9	1.3	1.4	0.6	2.8
5	5.7	5.2	2.3	1.3	1.6	0.5	2.4
6	5.2	4.4	1.4	1.2	1.2	0.4	2.7
7	4.5	3.6	1.3	1.2	1.6	0.3	3.5
8	3.8	3.4	1.6	1.4	1.6	0.3	3.7
9	3.8	3.8	1.9	1.3	2.1	1.3	3.4
10	3.6	4.5	1.8	1.2	2.7	1.1	3.5
11	3.5	4.4	1.8	1.1	2.3	0.6	3.5
12	4.9	5.7	1.6	1.2	2.5	0.5	3.2
13	5.9	6.2	1.9	1.3	2.8	0.6	3.3
14	5.6	6.2	2.6	1.4	2.9	0.7	3.8
15	4.9	5.5	2.3	1.3	2.8	0.7	3.7
16	5.6	5.3	2.7	1.4	2.9	1.6	3.1
17	8.5	6.9	4.9	1.9	4.2	3.4	3.4
18	7.7	7.2	4.8	2	4.6	3.4	3.9
19	7.1	8.1	5.6	2	5.2	3.4	4.1
20	6.1	8.4	6.3	2.3	5.4	3.3	4.1
21	5.8	7.5	6.3	2.1	6.1	2.9	4.4
22	7.1	7.5	6.1	2	6.5	2.8	4.4
23	7.6	7.6	5.8	2.2	7.6	4	4.9
24	9.7	11	7.2	2.4	8.3	5.6	5.4
25	9.6	11.9	10.0	2.7	8.6	6.9	5.9
26	7.5	11.3	9.0	2.8	10	7.1	5.9
27	7.2	10.5	8.3	2.6	10.5	7.2	6
28	7	9.6	8.1	2.8	10.6	6.6	7.5
29	6.2	8.9	8.1	2.9	10.8	6.3	7.9
30	5.5	7.8	7.2	2.5	10.3	6.3	7.9
31	5.3	7.5	6.2	2.3	9.6	5.7	7.8
32	5.6	8.1	6.9	2.1	9.1	5	7
33	6.8	10.4	9.6	2.1	9.6	4.3	6.9
34	7.5	11.3	10.8	2.2	10.4	4.6	7.3
35	6.9	11.2	10.9	2.5	11.8	5.7	10.2
36	6.1	10.4	9.7	2.9	12.3	6.5	11.3
37	5.6	9.5	8.5	3.2	11.8	6.5	12
38	5.4	9.7	8.6	3.4	12.5	7.2	12.1
39	4.9	9.2	8.6	3.4	12.4	7.8	12.3
40	4.5	8.3	8.0	4.1	11.8	7.5	12.3

QUESTION 5
Use the International Labor database Time series database on "Excel Databases.xls" showing the unemployment rate (%) over the past 40 years in various countries.
Specifically for the US, create two different forecasts using exponential smoothing. Let forecast A use an exponential smoothing constant, a = 0.2, and forecast B use an
exponential smoothing constant, a = 0.8. Which model produces more accurate forecasts, why? Use the MAD to support your answer.
O Forecast A because the MAD is lower.
O Forecast B because the MAD is lower.
O Forecast A because the MAD is higher.
O Forecast B because the MAD is higher.

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