Question: For the attached data set, create a 3-month and 6-month moving average forecast. Calculate the standard errors and compare their forecast accuracy. Motn/Year Unemployment rate

For the attached data set, create a 3-month and 6-month moving average forecast. Calculate the standard errors and compare their forecast accuracy.

Motn/Year Unemployment rate
Jan-17 5.1
Feb-17 4.9
Mar-17 4.6
Apr-17 4.1
May-17 4.1
Jun-17 4.5
Jul-17 4.6
Aug-17 4.5
Sep-17 4.1
Oct-17 3.9
Nov-17 3.9
Dec-17 3.9
Jan-18 4.5
Feb-18 4.4
Mar-18 4.1
Apr-18 3.7
May-18 3.6
Jun-18 4.2
Jul-18 4.1
Aug-18 3.9
Sep-18 3.6
Oct-18 3.5
Nov-18 3.5

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