Compare your two estimates using the accuracy statistics

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Reference no: EM13930323

The Canadian unemployment rate as a percentage of the civilian labor force (seasonally adjusted) between 1974 and the third quarter of 1975 is shown below.

	Quarter	Unemployment Rate
1974	1	5.4
	2	5.3
	3	5.3
	4	5.6
1975	1	6.9
	2	7.2
	3	7.2

(a) Estimate unemployment in the fourth quarter of 1975 using a single moving average with k = 3.

(b) Repeat using single exponential smoothing with α = 0.7.

(c) Compare your two estimates using the accuracy statistics.

Reference no: EM13930323

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