Using the employment data in the data file OECD Employment Gap Data, based on the OECD employment

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Using the employment data in the data file OECD Employment Gap Data, based on the OECD employment gap studies, develop a second-order autoregressive model, including two lagged values as predictor variables, for Korean men’s employment. First, use the data for the period 1990 through 2009, to forecast for the years 2010 to 2013. Then use the data from 1990 through 2014, to forecast for the years 2015 to 2018. Discuss the differences in the accuracy of the forecasts compared to the actual results, and indicate the reasons for these differences.

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Statistics For Business And Economics

ISBN: 9781292436845

10th Global Edition

Authors: Paul Newbold, William Carlson, Betty Thorne

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