Question: 16.5 Develop a suitable ARIMA model to forecast the labor force participation rate for females and males separately. What considerations would you take into account

16.5 Develop a suitable ARIMA model to forecast the labor force participation rate for females and males separately. What considerations would you take into account in developing such a model? Show the necessary calculations and explain the various diagnostic tests you use in your analysis. 16.6 Collect data on housing starts and develop a suitable ARIMA model for forecasting housing starts. Explain the procedure step by step.

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