The Excel file Unemployment Rates provides data on monthly rates for 4 years. Compare 3 and 12
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The Excel file Unemployment Rates provides data on monthly rates for 4 years. Compare 3 and 12 month moving average forecasts using the MAD criterion. Explain why the 3 month model yields better results.
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Unemployment Rates Bureau of Labor Statistics Year Month Rate 3month MA MAD 01911 12month MA MAD 037...View the full answer
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