Update the time series on index of total hours worked in United States. Test for unit root.

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Update the time series on index of total hours worked in United States. Test for unit root. Propose a model for the series. How is this model different from the model in section 10.2? Construct a short-and long-term forecast based on your model.

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Forecasting for Economics and Business

ISBN: 978-0131474932

1st edition

Authors: Gloria Gonzalez Rivera

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Question Posted: Feb 25, 2016 06:18 AM

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Update the time series on index of total hours worked in United States. Test for unit root.

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We download and update the index of total hours worked in USA from the OECD website The updated series runs from 1970 to 2011 The blue solid line in F...View the full answer

Forecasting for Economics and Business

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