Question: 3rd time posting this question. Answers were incorrect last two attempts. Year Month Rate(%) 2013 Jan 7.9 2013 Feb 8.2 2013 Mar 8.6 2013 Apr

3rd time posting this question. Answers were3rd time posting this question. Answers were3rd time posting this question. Answers were incorrect last two attempts.

Year Month Rate(%) 2013 Jan 7.9 2013 Feb 8.2 2013 Mar 8.6 2013 Apr 9.1 2013 May 9.5 2013 Jun 9.6 2013 Jul 9.6 2013 Aug 9.4 2013 Sep 9.6 2013 Oot 10.1 2013 Nov 9.9 2013 Dec 9.8 2014 Jan 9.7 2014 Feb 9.6 2014 Mar 9.8 2014 Apr 10.1 2014 May 9.7 2014 Jun 9.6 2014 Jul 9.5 2014 Aug 9.4 2014 Sep 9.4 2014 Oct 9.6 2014 Nov 9.7 2014 Dec 9.3 2015 Jan 9.2 2015 Feb 8.9 2015 Mar 9.1 2015 Apr 8.9 2015 May 8.9 2015 Jun 8.9 2015 Jul 8.9 2015 Aug 9.1 2015 Sep 9.1 2015 Oct 8.8 2015 Nov 8.6 2015 Dec 8.5 2016 Jan 8.1 2016 Feb 8.2 2016 Mar 8.1 2016 Apr 8.2 2016 May 8.2 2016 Jun 8.3 2016 Jul 8.1 2016 Aug 7.9 2016 Sep 7.9 2016 Oct 7.8 2016 Nov 7.8 2016 Dec 7.6 - 1 1 - 1 1 - 7 - 1 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 = 0.219 (Type an integer or decimal rounded to three decimal places as needed.) Find the MAD for the 12-month moving average forecast. MAD = 0.383 (Type an integer or decimal rounded to three decimal places as needed.) Which of the two models yields better results? Explain. O A. The 3-month moving average forecast yields better results because its MAD is smaller than that of the 12-month moving average forecast. The 3-month model is less sensitive to longer term trends. O B. The 12-month moving average forecast yields better results because its MAD is greater than that of the 3-month moving average forecast. The 12-month model is more sensitive to longer term trends. OC. The 12-month moving average forecast yields better results because its MAD is smaller than that of the 3-month moving average forecast. The 12-month model is less sensitive to longer term trends. OD. The 3-month moving average forecast yields better results because its MAD is greater than that of the 12-month moving average forecast. The 3-month model is more sensitive to longer term trends. O E. The quality of the results is about the same between the two models because the MAD of the 3-month forecast is equal to the MAD of the 12-month forecast

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