Answer the following questions using the data from the Excel file Spain unemployment. xlsx from Problem 16.45.
Question:
From Problem
a. Construct a graph showing the annual unemployment rate for Spain over time.
b. Forecast the unemployment rate for Spain in 2013 using a trend projection.
c. Calculate the MAD for the forecast in part b.
Transcribed Image Text:
Year 2004 2005 2006 2007 2008 Unemployment Rate (%) 10.4 9.2 Year 2009 2010 2011 2012 Unemployment Rate () 18.0 20.1 21.7 25.0 8.3 11.3
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