Asymmetry in unemployment rate forecast errors
نویسندگان
چکیده
منابع مشابه
Reconsideration of the Markov Chain Evidence on Unemployment Rate Asymmetry
Using 15 years worth of additional data, a study is carried out to explore the extent to which the results in Rothman (1991) still hold. Using raw unfiltered data, the aggregate unemployment rate appears to be a Neftci-type symmetric process. But use of two detrending procedures produces strong evidence in favor of asymmetry for this series. The most robust result is that the manufacturing sect...
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ژورنال
عنوان ژورنال: International Journal of Forecasting
سال: 2019
ISSN: 0169-2070
DOI: 10.1016/j.ijforecast.2018.11.006