For your chosen country, complete the table with quarterly (not seasonally adjusted) unemployment rate for 2000 - 2018. Data can be obtained from https://fred.stlouisfed.org/categories/33219?cid=33219&et=&ob=pv&od=desc&pageID=1 &t=quarterly. Year Quarter Unemployment rate PART A (a) Using R-Studio, estimate the data to determine the effect of time (period) on the unemployment rate of your selected country. Determine the trend line and illustrate on a graph. (All codes and output should be provided). (b) Obtain the projected rates for 2019. Provide a table with your output variables. Period Forecast
For your chosen country, complete the table with quarterly (not seasonally adjusted) unemployment rate for 2000 - 2018. Data can be obtained from https://fred.stlouisfed.org/categories/33219?cid=33219&et=&ob=pv&od=desc&pageID=1 &t=quarterly. Year Quarter Unemployment rate PART A (a) Using R-Studio, estimate the data to determine the effect of time (period) on the unemployment rate of your selected country. Determine the trend line and illustrate on a graph. (All codes and output should be provided). (b) Obtain the projected rates for 2019. Provide a table with your output variables. Period Forecast
Chapter4: Linear Functions
Section4.3: Fitting Linear Models To Data
Problem 24SE: Table 6 shows the year and the number ofpeople unemployed in a particular city for several years....
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PLEASE ANSWER A, B AND C
Transcribed Image Text:Year Quarter
2000 Q1
Q2
Q3
Q4
2001 Q1
Q2
Q3
Q4
2002 Q1
Q2
Q3
Q4
2003 Q1
Q2
Q3
Q4
2004 Q1
Q2
Q3
Q4
2005 Q1
Q2
Q3
Q4
2006 Q1
Q2
Q3
Q4
2007 Q1
Q2
Q3
Q4
2008 Q1
Q2
Q3
Q4
2009 Q1
Q2
Q3
Q4
2010 Q1
Q2
Q3
Q4
2011 Q1
Q2
Q3
Q4
2012 Q1
Q2
Q3
Q4
2013 Q1
Q2
Q3
Q4
2014 Q1
Q2
Q3
Q4
2015 Q1
Q2
Q3
Q4
2016 Q1
Q2
Q3
Q4
2017 Q1
Q2
Q3
Q4
2018 Q1
Q2
Q3
Q4
Unemployment
Rate (%)
7.3
6.7
6.8
6.4
7.5
7.1
7.1
7.1
8.5
7.7
7.5
7.0
7.9
7.7
7.7
7.0
7.8
7.2
7.1
6.7
7.4
6.8
6.8
6.1
6.9
6.2
6.5
5.8
6.6
6.1
6.0
5.5
6.4
6.1
6.2
6.1
8.4
8.6
8.6
7.9
8.9
8.2
8.2
7.2
8.2
7.6
7.5
7.0
7.9
7.3
7.3
6.8
7.6
7.1
7.2
6.6
7.5
7.1
7.0
6.2
7.2
6.9
7.1
6.5
7.7
7.0
7.1
6.4
7.2
6.5
6.4
5.5
6.3
6.0
6.1
5.3
Transcribed Image Text:For your chosen country, complete the table with quarterly (not seasonally adjusted)
unemployment rate for 2000 - 2018. Data can be obtained from
https://fred.stlouisfed.org/categories/33219?cid=33219&et=&ob=pv&od=desc&pageID=1
&t=quarterly.
Year Quarter Unemployment
rate
PART A
(a) Using R-Studio, estimate the data to determine the effect of time (period) on the
unemployment rate of your selected country. Determine the trend line and illustrate
on a graph. (All codes and output should be provided).
(b) Obtain the projected rates for 2019. Provide a table with your output variables.
Period Forecast
(c) Discuss the pros and cons of using a simple regression to forecast the quarterly
unemployment rates for 2019.
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