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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 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 yelds better resusts? Explain. Click the icon to view the unemployment rate data Find the MAD for the 3-month moving averige forecast. MND= (Type an integer or decimal rounded to three decirnal places as needed) \begin{tabular}{|c|c|c|r|} \hline 1 & Year & Honthiate \\ \hline & Let \\ \hline 46 & 2013 & Sep & 7.6 \\ \hline 47 & 2013 & Dot & 7.9 \\ \hline 48 & 2013 & Now & 7.6 \\ \hline 49 & 2013 & Dec & 7.9 \\ \hline \end{tabular}
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