Question
We have run seasonal arma model on the unemployment rate data. Now con- sider adding the weekly initial jobless claim to predict the monthly unem-
We have run seasonal arma model on the unemployment rate data. Now con-
sider adding the weekly initial jobless claim to predict the monthly unem-
ployment rates.
The data is from 1967 to 2010.
The data is given in "m-
unrateic.txt". As shown below, the column "rate" denotes the unemployment
rate, and the 5th to 8th column denotes the weekly jobless claims from week
1 to week 4 of the month and the last column-"icm1" is the total number of
initial jobless claim of the month.
> da=read.table("m-unrateic.txt", header=T)
>
> head(da)
Perform a simple regression of unrate with the monthly claim numbers
using the following commands. Comment on the results of the regression
and the acf/pacf plots.
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