4. See pictures to solve YearRate (%)7.78.48.68.89.2Month201120112011201120112011JanFebMarAprMayJun9.42011Jul9.42011AugSep9.720119.820112011Oct9.9Nov9.92011Dec9.72012JanFeb9.820129.92012Mar9.82012AprMayJun10.120129.720129.62012Jul9.72012AugSepOct9.620129.620129.42012Nov9.72012Dec9.12013Jan8.92013Feb8.82013Mar8.920139.1AprMay20139.22013Jun9.12013Jul9.2201320138.9AugSep9.12013Oct8.72013Nov8.42013Dec8.42014Jan8.420148.22014Mar8.12014AprMayJunJul8.120148.320148.18.42014AugSepOctNovDec20148.320142014182014201419Answer 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 forecastMAD =(Type an integer or decimal rounded to three decimal places as needed.)

3-month moving average forecasts: Step-by-step procedure to obtain the moving-average using the…

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

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

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter4: Equations Of Linear Functions

Section4.5: Correlation And Causation

Problem 2CYU

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Question

4. See pictures to solve

Year
Rate (%)
7.7
8.4
8.6
8.8
9.2
Month
2011
2011
2011
2011
2011
2011
Jan
Feb
Mar
Apr
May
Jun
9.4
2011
Jul
9.4
2011
Aug
Sep
9.7
2011
9.8
2011
2011
Oct
9.9
Nov
9.9
2011
Dec
9.7
2012
Jan
Feb
9.8
2012
9.9
2012
Mar
9.8
2012
Apr
May
Jun
10.1
2012
9.7
2012
9.6
2012
Jul
9.7
2012
Aug
Sep
Oct
9.6
2012
9.6
2012
9.4
2012
Nov
9.7
2012
Dec
9.1
2013
Jan
8.9
2013
Feb
8.8
2013
Mar
8.9
2013
9.1
Apr
May
2013
9.2
2013
Jun
9.1
2013
Jul
9.2
2013
2013
8.9
Aug
Sep
9.1
2013
Oct
8.7
2013
Nov
8.4
2013
Dec
8.4
2014
Jan
8.4
2014
8.2
2014
Mar
8.1
2014
Apr
May
Jun
Jul
8.1
2014
8.3
2014
8.1
8.4
2014
Aug
Sep
Oct
Nov
Dec
2014
8.3
2014
2014
18
2014
2014
19
Answer

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.)

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