Multivariate time series forecasting and analysis of the US unemployment rate — Part 1
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Multivariate time series forecasting and analysis of the US unemployment rate — Part 1 The unemployment rate is an important macroeconomic indicator that is monitored by US government agencies for the purpose of ensuring the proper functioning of the overall economy. Since the unemployment rate is the measure of joblessness in the economy, it is necessary to build better forecast models for unemployment. These models are also used by the government to implement policy changes to increase employment opportunities and reduce financial hardship on the unemployed during recession.
Multivariate time series forecasting and analysis of the US unemployment rate — Part 1
Multivariate time series forecasting and…
Multivariate time series forecasting and analysis of the US unemployment rate — Part 1
Multivariate time series forecasting and analysis of the US unemployment rate — Part 1 The unemployment rate is an important macroeconomic indicator that is monitored by US government agencies for the purpose of ensuring the proper functioning of the overall economy. Since the unemployment rate is the measure of joblessness in the economy, it is necessary to build better forecast models for unemployment. These models are also used by the government to implement policy changes to increase employment opportunities and reduce financial hardship on the unemployed during recession.