Suppose that we are interested in forecasting the unemployment rate. We use two models, Model 1 and Model 2, and would like to compare their relative performance. Using the same sample period, the root mean squared error (RMSE) and the mean absolute error (MAE) of Model 1 are 0.455 and 0.421, respectively. The RMSE and the MAE of Model 2 are 0.483 and 0.442, respectively. Which one of the following statements is correct? a.Model 2 forecasts better in terms of RMSE, but Model 1 forecasts better in terms of MAE. b.Model 2 forecasts better than Model 1 in terms of RMSE and MAE. c.It is hard to say which model forecasts better using the provided information. d.Model 1 forecasts better in terms of RMSE, but Model 2 forecasts better in terms of MAE. e.Model 1 forecasts better than Model 2 in terms of RMSE and MAE