he unemployment rate is estimated using the following model: URt=b0+b1URt1+t Using monthly observations from March 2015 to December 2019 you estimate the following. a. What is the mean-reverting level to which changes in the changes in unemployment rate converge? b. The current change in the unemployment rate is 0.05. What is the best prediction of the next change? c. Describe how would you interpret the Durbin-Watson statistics here? he unemployment rate is estimated using the following model: URt=b0+b1URt1+t Using monthly observations from March 2015 to December 2019 you estimate the following. a. What is the mean-reverting level to which changes in the changes in unemployment rate converge? b. The current change in the unemployment rate is 0.05. What is the best prediction of the next change? c. Describe how would you interpret the Durbin-Watson statistics here