Question: Actual NER Level vs Forecasted NER Level of Random Walk Model Question: How do the 5-year forecasts of the NER levels based on the random

Actual NER Level vs Forecasted NER Level of Random Walk Model Question: How do the 5-year forecasts of the NER levels based on the random walk model compare to the actual 5-year ahead values? Graphically, which forecast model performs better, the Eichenbaum et al. (previous graph) or the random walk model (this graph)

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