Question

In: Statistics and Probability

The unemployment rate (UR) for PEI by quarter was as follows: UR T (Time) Year Quarter...

The unemployment rate (UR) for PEI by quarter was as follows:

UR T (Time)

Year Quarter Rate For Regression

2018 Q1 11.9 1

Q2 7.0 2

Q3 8.1 3

Q4 10.1 4

2019 Q1 12.1 5

Q2 6.8 6

Q3 7.0 7

Q4 9.8 8

Sketch this data on a graph. Is there seasonality in the data?
Use a four quarter moving average to determine the seasonal factors for the four quarters.

Calculate the four quarter moving average;
Centre the data if necessary;
Calculate the seasonal factors for each Quarter.
Calculate the average seasonal factors for each quarter.
What percentage is the rounding error in this calculation?

Expert Solution

(a)

Yes, there is a seasonality from the graph.

(b)

				Centered
				Moving	Ratio to	Seasonal	UR Rate
t	Year	Quarter	UR Rate	Average	CMA	Indexes	Deseasonalized
1	1	1	11.9			1.327	8.97
2	1	2	7.9			0.772	10.24
3	1	3	8.1	9.525	0.850	0.841	9.64
4	1	4	10.1	9.413	1.073	1.061	9.52
5	2	1	12.1	9.013	1.343	1.327	9.12
6	2	2	6.8	8.713	0.780	0.772	8.81
7	2	3	6.0			0.841	7.14
8	2	4	9.8			1.061	9.24


	Calculation of Seasonal Indexes
	1	2	3	4
1			0.850	1.073
2	1.343	0.780
mean:	1.343	0.780	0.850	1.073	4.047
adjusted:	1.327	0.772	0.841	1.061	4.000

The seasonal factors are:

Calculation of Seasonal Indexes
1	2	3	4
		0.850	1.073
1.343	0.780

orchestra answered 1 year ago

The unemployment rate (UR) for PEI by quarter was as follows: UR t Year Quarter...

The unemployment rate (UR) for PEI by quarter was as follows: UR t Year Quarter Rate For Regression 2017 Q1 11.9 1 Q2 7.9 2 Q3 8.1 3 Q4 10.1 4 2018 Q1 12.1 5 Q2 6.8 6 Q3 6.0 7 Q4 9.8 8 a) Sketch this data on a graph. Is there seasonality in the data? b) Use a four quarter moving average to determine the seasonal factors for the four quarters.

Problem 6 (14 Marks) The unemployment rate (UR) for PEI by quarter was as follows: &nb

Problem 6 The unemployment rate (UR) for PEI by quarter was as follows: UR T (Time) Year Quarter Rate For Regression 2018 Q1 12.0 1 Q2 7.1 2 Q3 8.2 3 Q4 10.2 4 2019 Q1 12.2 5 Q2 6.9 6 Q3 7.1 7 Q4 9.9 8 Sketch this data on a graph. Is there seasonality in the data? Use a four quarter moving average to determine the seasonal factors for the...

Instruction: What is Unemployment Rate and what are the factors that cause the UR to increase...

Instruction: What is Unemployment Rate and what are the factors that cause the UR to increase or decrease? Do your own research. Write one page to define the Unemployment Rate and explain the factors affecting the UR. (Mention your reference at the end)

-Event time T follows an exponential distribution with a mean of 40 -Censoring time Tc follows...

-Event time T follows an exponential distribution with a mean of 40 -Censoring time Tc follows an exponential distribution with a mean of 25 -Generate 500 observations, with censoring flag indicating whether censoring happened before events Question: What do you think the percent of censoring should be? Show your calculation or reasoning.

Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Rate...

Consider the following table containing unemployment rates for a 10-year period. Unemployment Rates Year Unemployment Rate (%) 1 3.5 2 5.2 3 7.8 4 8.1 5 3.7 6 9.6 7 8.7 8 3.5 9 11.1 10 8.8 What is the coefficient of determination for the regression model? Round your answers to two decimal places.

A decrease in the labor participation rate can help reduce the unemployment rate. t/f

1. In the fourth quarter of 1982, economic statistics showed the following: Real GDP Unemployment rate...

1. In the fourth quarter of 1982, economic statistics showed the following: Real GDP Unemployment rate Inflation rate : $5,189.8 billion : 10.7% : 4.4% The conceptual variables corresponding to these data are: Potential output : $5,640.3 billion Natural rate of unemployment : 6.1% Ideal inflation rate : 1.0% a) Calculate the output gap. b) Calculate the unemployment gap. c) Calculate the inflation gap. d) Calculate the output loss and inflation loss. e) Calculate the total loss in the fourth...

The following? time-series plot shows the annual unemployment rate in blue and the annual inflation rate...

The following? time-series plot shows the annual unemployment rate in blue and the annual inflation rate in red over a period of 19 years. Complete parts? (a) through? (d) below. (b) Estimate the unemployment and inflation rates for year 19 The unemployment rate in year 19 was approximately ___% The inflation rate in year 19 was approximately ___% 24681012141618012345678xyUnemploymentInflation

The natural rate of unemployment is the unemployment rate at which the inflation rate has no...

The natural rate of unemployment is the unemployment rate at which the inflation rate has no tendency to increase or decrease. However, the natural rate of unemployment is not fixed. What causes changes in the natural rate of unemployment? Which of the following will not cause the natural rate of unemployment to change? A. Many previous periods with high rates of unemployment. B. Changes in the money supply resulting from monetary policy. C. Changes in labor market institutions. D. Changes...

The failure time T (in hours of use) for a particular electronics component follows an exponential...

The failure time T (in hours of use) for a particular electronics component follows an exponential distribution with parameter λ. Find the probability that a failure time is somewhere within 1 standard deviation of the mean failure time. Explain in words what you did to solve this, and then tell me your final answer.