Problem 6 The unemployment rate (UR) for PEI by quarter was as follows:                                     UR           T (Time) Year    Quarter            Rate     For...

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Statistics

Problem 6

The unemployment rate (UR) for PEI by quarter was asfollows:

                                   UR           T(Time)

Year   Quarter           Rate     For Regression

2018   Q1                  12.0                1

           Q2                  7.1                  2

           Q3                  8.2                  3

           Q4                  10.2                4

2019   Q1                  12.2                5

           Q2                  6.9                  6

           Q3                  7.1                  7

           Q4                  9.9                  8

  1. Sketch this data on a graph. Is there seasonality in thedata?
  2. Use a four quarter moving average to determine the seasonalfactors for the four quarters.
  1. Calculate the four quarter moving average;
  2. Centre the data if necessary;
  3. Calculate the seasonal factors for each Quarter.
  4. Calculate the average seasonal factors for each quarter.
  5. What percentage is the rounding error in this calculation?

Answer & Explanation Solved by verified expert
4.4 Ratings (643 Votes)
SolutionExcel work from the graph we have seen that there is a seasonality inunemployment rate123456789base lineYtCMA4seasonal    See Answer
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