6.3 Figure 6.13 shows the result of decomposing the number of persons in the civilian labor force...

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6.3 Figure 6.13 shows the result of decomposing the number of persons in the civilian labor force in Australia each month from February 1978 to August 1995.

(a) Write about 3-5 sentences describing the results of the seasonal adjustment. Pay particular attention to the scales of the graphs in making your interpretation.

(b) Is the recession of 1991/1992 visible in the estimated components?

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