Question: 3. Create a new unemployment rate variable and relate it to emergency road service. Give unemployment a lagged effect on emergency road service by using
3. Create a new unemployment rate variable and relate it to emergency road service. Give unemployment a lagged effect on emergency road service by using the unemployment rate for the month (1) three months prior to the current month and (2) 11 months prior to the current month as the data for the unemployment independent variable. Which model is better for prediction? Are the signs on the coefficients for the independent variables what you would expect them to be? Are the coefficients of the independent variables significantly different from zero?
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