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.Find the MAD for the 3-month moving average forecast. MAD=?(Type an integer or decimal rounded to three decimal places as needed.) YearMonthRate(%)2010Jan7.82010Feb8.22010Mar8.82010Apr9.12010May9.52010Jun9.32010Jul9.72010Aug9.62010Sep9.82010Oct10.12010Nov9.72010Dec9.82011Jan9.72011Feb9.92011Mar9.82011Apr9.92011May9.72011Jun9.42011Jul9.42011Aug9.32011Sep9.72011Oct9.32011Nov9.92011Dec9.52012Jan9.32012Feb8.82012Mar8.72012Apr9.12012May9.22012Jun9.22012Jul9.12012Aug9.12012Sep9.12012Oct8.92012Nov8.42012Dec8.32013Jan8.42013Feb8.12013Mar8.42013Apr8.32013May8.42013Jun8.22013Jul8.12013Aug8.22013Sep7.92013Oct7.92013Nov7.82013Dec7.7

Note that, for a dataset with acual values x1,x2,…,xn and corrosponding predicted values of the…

Answered: The accompanying dataset provides data…

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter4: Eigenvalues And Eigenvectors

Section4.6: Applications And The Perron-frobenius Theorem

Problem 25EQ

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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 MAD criterion. Which of the two models yields better results? Explain.

Find the MAD for the 3-month moving average forecast.

MAD=?

(Type an integer or decimal rounded to three decimal places as needed.)

Year	Month	Rate(%)
2010	Jan	7.8
2010	Feb	8.2
2010	Mar	8.8
2010	Apr	9.1
2010	May	9.5
2010	Jun	9.3
2010	Jul	9.7
2010	Aug	9.6
2010	Sep	9.8
2010	Oct	10.1
2010	Nov	9.7
2010	Dec	9.8
2011	Jan	9.7
2011	Feb	9.9
2011	Mar	9.8
2011	Apr	9.9
2011	May	9.7
2011	Jun	9.4
2011	Jul	9.4
2011	Aug	9.3
2011	Sep	9.7
2011	Oct	9.3
2011	Nov	9.9
2011	Dec	9.5
2012	Jan	9.3
2012	Feb	8.8
2012	Mar	8.7
2012	Apr	9.1
2012	May	9.2
2012	Jun	9.2
2012	Jul	9.1
2012	Aug	9.1
2012	Sep	9.1
2012	Oct	8.9
2012	Nov	8.4
2012	Dec	8.3
2013	Jan	8.4
2013	Feb	8.1
2013	Mar	8.4
2013	Apr	8.3
2013	May	8.4
2013	Jun	8.2
2013	Jul	8.1
2013	Aug	8.2
2013	Sep	7.9
2013	Oct	7.9
2013	Nov	7.8
2013	Dec	7.7

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