The file P12_51.xlsx contains monthly data on the nonfarm hire rate in the United States since 2005.
Question:
The file P12_51.xlsx contains monthly data on the nonfarm hire rate in the United States since 2005.
a. What evidence is there that seasonality is important in this series? Find seasonal indexes (by any method you like) and state briefly what they mean.
b. Forecast the next 12 months by using a linear trend on the seasonally adjusted data. State briefly the steps you use to obtain this type of forecast.
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Month Hire rate Jan2005 39 Feb2005 32 Mar2005 37 Apr2005 44 May2005 43 Jun2005 45 Jul2005 44 Aug2005 44 Sep2005 42 Oct2005 40 Nov2005 34 Dec2005 27 Jan2006 38 Feb2006 33 Mar2006 37 Apr2006 41 May2006 ...View the full answer
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Related Book For 
Business Analytics Data Analysis And Decision Making
ISBN: 1209
6th Edition
Authors: S. Christian Albright, Wayne L. Winston
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