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.