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Hello, I need help with these types of questions. The MAD 3mo and then 12 month. I get confuse when reading the info. Thank you.

Hello, I need help with these types of questions. The MAD 3mo and then 12 month. I get confuse when reading the info. Thank you.

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\f\fThe accompanying dataset provides data on monthly unemployment rates for a certain region over four years. Compare 3 and 12month 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.) Use Excel to calculate the MAD for the 12month forecast. rounding to three decimal places.

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