You hear that the unemployment rate has dropped over the last month from 5.6% to 5.5%. Statistically

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You hear that the unemployment rate has dropped over the last month from 5.6% to 5.5%. Statistically speaking, is this a real decline? What other information do you need to determine if this is a real decrease?

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Introduction to Econometrics

ISBN: 978-0133595420

3rd edition

Authors: James H. Stock, Mark W. Watson

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Question Posted: Jan 21, 2013 04:43 AM

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You hear that the unemployment rate has dropped over the last month from 5.6% to 5.5%. Statistically

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This cannot be called significant drop beca...View the full answer

Introduction to Econometrics

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