Question

The Labor Force data consists of monthly civilian labor force participation from 2002 to 2012. Determine from the time series plot and the ACF that the data contains seasonal pattern. Fit a seasonal ARIMA model, and produce forecasting of the future 24 months with confidence intervals. Also produce the plot of the data with the forecasting values including the confidence intervals. State the equation of your fitted seasonal ARIMA model.

Answer 1

2002, 2012,2222, some years

Step-by-step

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