The file P12_51.xlsx contains monthly data on the nonfarm hire rate in the United States from 2005
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The file P12_51.xlsx contains monthly data on the nonfarm hire rate in the United States from 2005 until mid-2015.
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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a The evidence is hard to find The series is dominated by ...View the full answer
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Related Book For
Business Analytics Data Analysis And Decision Making
ISBN: 9780357109953
7th Edition
Authors: S. Christian Albright, Wayne L. Winston
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