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

#!# 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 di- agnostic tests you use in your analysis.

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