Question: Based on the data presented in Exhibit 4, should you include a trend term in a model of the changes in the civilian unemployment rate?

Based on the data presented in Exhibit 4, should you include

Based on the data presented in Exhibit 4, should you include a trend term in a model of the changes in the civilian unemployment rate? Please explain your response.

4. Exhibit 4 shows a plot of the first differences in the civilian unemployment rate (UER) between January 2013 and August 2019,UERt=UERtUERt1. EXHIBIT 4 Change in Civilian Unemployment Rate

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