1. The unemployment rate is estimated using the following model:

Using monthly observations from March 2015 to December 2019 you estimate the following.

Regression Statistics
R Squared	0.2184
Standard Error	0.1202
Observations	58
Durbin-Watson	2.1852
	Coefficients	Standard Error	t Stat
Intercept	-0.0405	0.0161	-2.51
	-0.4764	0.1181	-3.96

1. What is the mean-reverting level to which changes in the changes in unemployment rate converge?
2. The current change in the unemployment rate is 0.05. What is the best prediction of the next change?
3. Describe how would you interpret the Durbin-Watson statistics here?