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

5. The unemployment rate (UR) for PEI by quarter was as follows:
UR T (Time)
Year Quarter Rate For Regression
2022 Q111.91
Q27.02
Q38.13
Q410.14
2023 Q112.15
Q26.86
Q37.07
Q49.88
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.
1. Calculate the four quarter moving average;
2. Centre the data if necessary;
3. Calculate the seasonal factors for each Quarter.
4. Calculate the average seasonal factors for each quarter.
5. What percentage is the rounding error in this calculation?

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