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1.Calculate a three-year moving average of single family mortgages originated beginning with 1993. Construct a graph which shows the actual values and the forecast values.

1.Calculate a three-year moving average of single family mortgages originated beginning with 1993. Construct a graph which shows the actual values and the forecast values. Calculate the mean absolute error of your forecast.

Single-Family Mortgages Single-Family ARMs Single-Family FRMs Conventional Conventional ARMs
1990 $458,440 $127,640 $330,800 $380,513 $127,031
1991 $562,074 $135,015 $427,059 $498,482 $132,210
1992 $893,666 $204,722 $688,944 $828,767 $195,818
1993 $1,019,861 $236,207 $783,654 $925,009 $222,191
1994 $773,121 $308,212 $464,909 $630,767 $281,279
1995 $639,430 $231,807 $407,623 $568,394 $213,162
1996 $785,329 $238,517 $546,812 $678,414 $217,436
1997 $859,120 $223,547 $635,573 $755,478 $196,255
1998 $1,450,000 $236,231 $1,213,769 $1,301,470 $224,595
1999 $1,310,000 $317,788 $992,212 $1,134,304 $309,330
2000 $1,048,000 $311,349 $736,651 $929,094 $301,852
2001 $2,215,000 $367,959 $1,847,041 $2,044,186 $363,673
2002 $2,885,000 $613,885 $2,271,115 $2,696,939 $600,096
2003 $3,945,000 $838,689 $3,106,311 $3,710,699 $823,961
2004 $2,920,000 $1,136,216 $1,783,784 $2,787,437 $1,115,660
2005 $3,120,000 $1,101,952 $2,018,048 $3,032,879 $1,094,345
2006 $2,980,000 $922,728 $2,057,272 $2,895,378 $920,723
2007 $2,430,000 $401,886 $2,028,114 $2,330,972 $400,553
2008 $1,500,000 $133,098 $1,366,902 $1,218,606 $127,572
2009 $1,780,000 $44,990 $1,735,010 $1,419,384 $43,830
2010 $1,880,000 $124,098 $1,456,010 $1,284,652 $45,860
2011 $1,876,000 $186,753 $1,856,020 $1,384,560 $56,860
2012 $1,780,000 $124,098 $2,028,114 $1,419,384 $1,094,345

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