Problem 31 Page 703
Clay1203The file P12_ 31. xlsx lists the monthly unemployment rates for several years. A common way to forecast time series is by using regression with lagged variables.
a. Predict future monthly unemployment rates using some combination of the unemployment rates for the last four months. For example, you might use last month’s unemployment rate and the unemployment rate from three months ago as explanatory variables. Make sure all variables that you decide to keep in your final equation are significant at the 15% significance level.
b. Do the residuals in your equation exhibit any autocorrelation?
c. Predict the next month’s unemployment rate.
d. There is a 5% chance that the next month’s unemployment rate will be less than what value?
e. What is the probability the next month’s unemployment rate will be less than 6%, assuming normally distributed residuals?
- 12 years ago
- 5
Answer(1)
Purchase the answer to view it
NOT RATED
- page_703_problem_31-1.xlsx
Bids(0)
other Questions(10)
- factor each expression 15y3+40y2+3y+8
- how long was the period known as the restoration
- Put the following steps in the order of a routine patient care flow, from the beginning through to the end...
- What way deoes the physician torture Dimmesdale?
- Application Case 9–2 The Politics of Performance Appraisal Every Friday, Max Steadman, Jim Cobun, Lynne Sims, and Tom Hamilton meet at Charley’s Food Place after work for refreshments. The four friends work as managers at Eckel Industries, a manufactur
- What is the height of a cylindrical prism whose volume is 141.3 cubic meters and whose diameter is 10 meters?
- You were recently hired as the vice president of marketing for the ABC company. The CEO specifically chose you because...
- Solve the system of linear using matrices 9x-2y=56 -2x+5y=24
- What is one problem with Inequalities, Poor Transportation, and Lack of Money. (Long Description)
- why were the events at dunkirk memorable in military memorable in military history?