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Please show work The unemployment rates in the United States during A ten year period is given in...

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Statistics

Please show work

The unemployment ratesin the United States during

  1. A ten year period is given in the following table. Useexponential smoothing to find the best forecast for next year. Usesmoothing constants of 0.2, 0.4, 0.6, and 0.8. Which one had thelowest MAD?

Unemployment Rates Over Ten Years

YEAR

1

2

3

4

5

6

7

8

9

10

Unemployment

7.2

7.0

6.2

5.5

5.3

5.5

6.7

7.4

6.8

6.1

rate (%)

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