You Have Collected Quarterly Data on Inflation and Unemployment Rates

question 36

Essay

You have collected quarterly data on inflation and unemployment rates for Canada from
1961:III to 1995:IV to estimate a VAR(4)model of the change in the rate of inflation and
the unemployment rate.The results are (a)Explain how you would use the above regressions to conduct one period ahead forecasts.

---

Definitions:

Memory Problem

Difficulties in remembering information, which can range from mild forgetfulness to more severe impairments like amnesia.

Eidetic Imagery

A rare ability to recall images, sounds, or objects in memory with high precision for a few minutes without using mnemonic devices.

Analogy

A comparison between two things, typically on the basis of their structure and for the purpose of explanation or clarification.

Retention

The ability to remember and store information over time, often measured in terms of duration and capacity.