A Forecasting Model for Japan's Unemployment Rate

oleh: Takamitsu KURITA

Format: Article
Diterbitkan: Ala-Too International University 2010-05-01

Deskripsi

This note aims to achieve a parsimonious fractionally-integrated autoregressive and moving average (ARFIMA) model for recent time series data of Japan's unemployment rate. A brief review of the ARFIMA model is provided, leading to econometric modeling of the data in the ARFIMA framework. It is demonstrated that the preferred ARFIMA model is a satisfactory representation of the data and is useful as a forecasting device.