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TABLE 2 Estimating an AR(1) Model of Changes in the Civilian Unemployment Rate Monthly Observations, March 1996-December 2000 Regression Statistics R-squared 0.2184 Standard error 0.1202
TABLE 2 Estimating an AR(1) Model of Changes in the Civilian Unemployment Rate Monthly Observations, March 1996-December 2000 Regression Statistics R-squared 0.2184 Standard error 0.1202 Observations 58 Durbin-Watson 2.1852 Coefficient Standard Error -Statistic Intercept -0.0405 0.0161 -2.5110 AUER-1 -0.4674 0.1181 -3.9562 suppose the provided AR(1) model is an accurate representation of our current civilian unemployment data. The unemployment rate for the current month is 4.9% and the prior change was -0.3%. What is the predicted unemployment rate for the next month
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