The accompanying dataset provides data on monthly unemployment rates for a certain region over four years Compare 3- and 12-month moving average forecasts using the MAD criterion. Which of the two models yields better results? Explain Click the icon to view the unemployment rate data

MATLAB: An Introduction with Applications
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Author:Amos Gilat
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Chapter1: Starting With Matlab
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Year
Rate (%)
7.7
8.4
8.6
8.8
9.2
Month
2011
2011
2011
2011
2011
2011
Jan
Feb
Mar
Apr
May
Jun
9.4
2011
Jul
9.4
2011
Aug
Sep
9.7
2011
9.8
2011
2011
Oct
9.9
Nov
9.9
2011
Dec
9.7
2012
Jan
Feb
9.8
2012
9.9
2012
Mar
9.8
2012
Apr
May
Jun
10.1
2012
9.7
2012
9.6
2012
Jul
9.7
2012
Aug
Sep
Oct
9.6
2012
9.6
2012
9.4
2012
Nov
9.7
2012
Dec
9.1
2013
Jan
8.9
2013
Feb
8.8
2013
Mar
8.9
2013
9.1
Apr
May
2013
9.2
2013
Jun
9.1
2013
Jul
9.2
2013
2013
8.9
Aug
Sep
9.1
2013
Oct
8.7
2013
Nov
8.4
2013
Dec
8.4
2014
Jan
8.4
2014
8.2
2014
Mar
8.1
2014
Apr
May
Jun
Jul
8.1
2014
8.3
2014
8.1
8.4
2014
Aug
Sep
Oct
Nov
Dec
2014
8.3
2014
2014
18
2014
2014
19
Answer
Transcribed Image Text:Year Rate (%) 7.7 8.4 8.6 8.8 9.2 Month 2011 2011 2011 2011 2011 2011 Jan Feb Mar Apr May Jun 9.4 2011 Jul 9.4 2011 Aug Sep 9.7 2011 9.8 2011 2011 Oct 9.9 Nov 9.9 2011 Dec 9.7 2012 Jan Feb 9.8 2012 9.9 2012 Mar 9.8 2012 Apr May Jun 10.1 2012 9.7 2012 9.6 2012 Jul 9.7 2012 Aug Sep Oct 9.6 2012 9.6 2012 9.4 2012 Nov 9.7 2012 Dec 9.1 2013 Jan 8.9 2013 Feb 8.8 2013 Mar 8.9 2013 9.1 Apr May 2013 9.2 2013 Jun 9.1 2013 Jul 9.2 2013 2013 8.9 Aug Sep 9.1 2013 Oct 8.7 2013 Nov 8.4 2013 Dec 8.4 2014 Jan 8.4 2014 8.2 2014 Mar 8.1 2014 Apr May Jun Jul 8.1 2014 8.3 2014 8.1 8.4 2014 Aug Sep Oct Nov Dec 2014 8.3 2014 2014 18 2014 2014 19 Answer
The accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12-month moving average forecasts using the MAD criterion. Which of the two models yields better results? Explain.
Click the icon to view the unemployment rate data.
Find the MAD for the 3-month moving average forecast
MAD =(Type an integer or decimal rounded to three decimal places as needed.)
Transcribed Image Text:The accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3- and 12-month moving average forecasts using the MAD criterion. Which of the two models yields better results? Explain. Click the icon to view the unemployment rate data. Find the MAD for the 3-month moving average forecast MAD =(Type an integer or decimal rounded to three decimal places as needed.)
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