1) Could you please provide a short description of this data?

2) Could you please give me an explanation about how to use this data to forecast future values?

3) What is the necessary assumption you made in order to conduct a meaningful forecasting for this data?

This data is related to Unemployment Rate (Values of Canada) and Time(Monthly) (from 2007 to 2015).

50 TIME 02-01-2011 7.9 51 03-01-2011 8.1 VALUE 52 04-01-2011 8 53 05-01-2011 8.1 54 06-01-2011 7.9 55 07-01-2011 7.7 56 08-01-2011 7.5 57 09-01-2011 79 58 10-01-2011 8 59 11-01-2011 8 60 12-01-2011 7.6 61 01-01-2012 8.1 62 02-01-2012 7.7 63 03-01-2012 7.7 64 04-01-2012 7.8 65 05-01-2012 8.2 66 06-01-2012 7.8 67 07-01-2012 7.9 68 08-01-2012 7.8 69 09-01-201 7.9 70 10-01-2012 8.4 71 11-01-2012 7.9 72 12-01-2012 7.9 Value: Ontario, Canada 73 01-01-2013 7.7 74 02-01-2013 Time: Monthly (2007 to 2015) 7.8 75 03-01-2013 7.8 76 04-01-2013 7.7 05-01-2013 7.4 This data is related to UNEMPLOYMENT RATE for the 78 06-01-2013 7.6 Ontario, Canada. (The number of people are 79 07-01-2013 7.6 unemployed as a percentage of the active labour force) 80 08-01-2013 7.5 (i.e. employed and unemployed). 81 09-01-2013 7.4 82 10-01-2013 7.5 83 11-01-2013 7.4 84 12-01-2013 7.7 85 01-01-2014 7.4 86 02-01-2014 7.5 87 03-01-2014 7.3 88 04-01-2014 7.3 89 05-01-2014 7.2 90 06-01-2014 7.3 91 07-01-2014 7.5 92 08-01-2014 7.3 93 09-01-2014 7.3 94 10-01-2014 6.7 95 11-01-2014 7 96 12-01-2014 97 01-01-2015 6.9 98 02-01-2015 6.9 99 03-01-2015 6.9 100 04-01-2015 6.8 01 05-01-2015 6 5 102