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.) Find the MAD for the 12-month moving average forecast. MAD= (Type an integer or decimal rounded to three decimal places as needed.) Which of the two models yields better results? Explain. A. The 3-month moving average forecast yields better results because its MAD is smaller than that of the 12-month moving average forecast. The 3-month model is less sensitive to longer term trends. B. The 12-month moving average forecast yields better results because its MAD is smaller than that of the 3-month moving average forecast. The 12-month model is less sensitive to longer term trends. C. The 3-month moving average forecast yields better results because its MAD is greater than that of the 12-month moving average forecast. The 3-month model is more sensitive to longer term trends. D. The 12-month moving average forecast yields better results because its MAD is greater than that of the 3-month moving average forecast. The 12-month model is more sensitive to longer term trends. \begin{tabular}{|c|r|l|r|} \hline 1 & \multicolumn{1}{|c|}{ Year } & \multicolumn{1}{|c|}{ Month } & Rate(\%) \\ \hline 32 & 2014 & Jul & 9.2 \\ \hline 33 & 2014 & Aug & 8.9 \\ \hline 34 & 2014 & Sep & 9.2 \\ \hline 35 & 2014 & Oct & 8.9 \\ \hline 36 & 2014 & Nov & 8.6 \\ \hline 37 & 2014 & Dec & 8.5 \\ \hline 38 & 2015 & Jan & 8.1 \\ \hline 39 & 2015 & Feb & 8.4 \\ \hline 40 & 2015 & Mar & 8.2 \\ \hline 41 & 2015 & Apr & 8.2 \\ \hline 42 & 2015 & May & 8.2 \\ \hline 43 & 2015 & Jun & 8.1 \\ \hline 44 & 2015 & Jul & 8.1 \\ \hline 45 & 2015 & Aug & 8.1 \\ \hline 46 & 2015 & Sep & 7.8 \\ \hline 47 & 2015 & Oct & 7.9 \\ \hline 48 & 2015 & Nov & 7.9 \\ \hline 49 & 2015 & Dec & 7.8 \\ \hline \end{tabular} 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.) Find the MAD for the 12-month moving average forecast. MAD= (Type an integer or decimal rounded to three decimal places as needed.) Which of the two models yields better results? Explain. A. The 3-month moving average forecast yields better results because its MAD is smaller than that of the 12-month moving average forecast. The 3-month model is less sensitive to longer term trends. B. The 12-month moving average forecast yields better results because its MAD is smaller than that of the 3-month moving average forecast. The 12-month model is less sensitive to longer term trends. C. The 3-month moving average forecast yields better results because its MAD is greater than that of the 12-month moving average forecast. The 3-month model is more sensitive to longer term trends. D. The 12-month moving average forecast yields better results because its MAD is greater than that of the 3-month moving average forecast. The 12-month model is more sensitive to longer term trends. \begin{tabular}{|c|r|l|r|} \hline 1 & \multicolumn{1}{|c|}{ Year } & \multicolumn{1}{|c|}{ Month } & Rate(\%) \\ \hline 32 & 2014 & Jul & 9.2 \\ \hline 33 & 2014 & Aug & 8.9 \\ \hline 34 & 2014 & Sep & 9.2 \\ \hline 35 & 2014 & Oct & 8.9 \\ \hline 36 & 2014 & Nov & 8.6 \\ \hline 37 & 2014 & Dec & 8.5 \\ \hline 38 & 2015 & Jan & 8.1 \\ \hline 39 & 2015 & Feb & 8.4 \\ \hline 40 & 2015 & Mar & 8.2 \\ \hline 41 & 2015 & Apr & 8.2 \\ \hline 42 & 2015 & May & 8.2 \\ \hline 43 & 2015 & Jun & 8.1 \\ \hline 44 & 2015 & Jul & 8.1 \\ \hline 45 & 2015 & Aug & 8.1 \\ \hline 46 & 2015 & Sep & 7.8 \\ \hline 47 & 2015 & Oct & 7.9 \\ \hline 48 & 2015 & Nov & 7.9 \\ \hline 49 & 2015 & Dec & 7.8 \\ \hline \end{tabular}