Answer the following questions using the data from the Excel file Spain unemployment.xlsx from Problem 16.45. a.

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Answer the following questions using the data from the Excel file Spain unemployment.xlsx from Problem 16.45.

Unemployment Rate (%) Unemployment Rate (%) Year Year 2008 11.3 2013 26.2 2009 18.0 2014 24.6 2010 20.0 2015 22.2 2011 21.5 2016 19.7 2012 24.9 2017 17.3

a. Construct a graph showing the annual unemployment rate for Spain over time.

b. Forecast the unemployment rate for Spain in 2018 using a trend projection.

c. Calculate the MAD for the forecast in part b.

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Business Statistics

ISBN: 9780134685267

3rd Edition

Authors: Robert A. Donnelly

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Question Posted: Nov 05, 2019 05:49 AM

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Answer the following questions using the data from the Excel file Spain unemployment.xlsx from Problem 16.45. a.

Question:

Unemployment Rate (%) Unemployment Rate (%) Year Year 2008 11.3 2013 26.2 2009 18.0 2014 24.6 2010 20.0 2015 22.2 2011 21.5 2016 19.7 2012 24.9 2017 17.3

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a b n 10 t 55 y 2057 ty 11751 t 2 385 c It is clear that the linear trend model i...View the full answer

Business Statistics

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