Create a time-series graph for the unemployment rate

Reference no: EM131182148

Consider the following data, taken from the Economic Report of the President 2013. Perform the graphing exercises below using either pencil and graph paper or a computer spreadsheet or presentation program.

a. Looking at the data listed in the chart, can you detect a trend in the unemployment rate during these years? In the inflation rate? If so, what sort of trends do you see?

b. Create a time-series graph for the unemployment rate during 2005-2012.

c. Create a scatter-plot graph with the unemployment rate on the horizontal axis and inflation on the vertical axis.

d. Using your graph in part (c), do the two variables seem to have an empirical relationship during this period, or do the points seem to be randomly scattered? If there appears to be an empirical relationship, is it inverse or direct?

Reference no: EM131182148

Questions Cloud

How do groups normally develop : How does working effectively on a team give you an advantage in the workplace? How do groups normally develop? How does the effectiveness of the team members influence the group's development process

Standard deviation or population proportion : With a 5% margin of error, a 95% confidence level, and a population size of 2,000,000, how do you calculate the sample size for the mean? No standard deviation or population proportion is provided. Please show your work.

What is the present value of a series of payments : What is the present value of a series of payments of $2000 every three years in perpetuity with the first payment made immediately, if the annual rate is 8% per annum?

Evaluating the current phone reservation system : Bristowe has asked for your advice in evaluating the current phone reservation system. Create a simulation model to investigate her concerns. Make recommendations about the reservation agents.

Create a time-series graph for the unemployment rate : Using your graph in part (c), do the two variables seem to have an empirical relationship during this period, or do the points seem to be randomly scattered? If there appears to be an empirical relationship, is it inverse or direct?

Standard deviation of the number of correct answers : A test consists of 100 multiple choice questions, each with five possible answers, only one of which is correct. Find the man and the standard deviation of the number of correct answers. Explain answer

Determine the smallest value of n necessary : Determine the smallest value of n necessary for a favorable bet that a triple-six will occur when three dice are rolledn times. (DeMoivre would say it should be about 216 log 2 = 149.7 and so would answer 150-see Exercise 1.2.17. Do you agree with..

Starting salary for a graduate in field : The mean starting salary for a graduate in your field? The mean number of games won by your favorite sports team each year? The mean number of games lost by your favorite sports team's rival each year?

Define the competitive equilibrium : Set up the problem of the firm. Solve for the supplies of goods (y1; y2) and demands for labor (N1, N2). Show that the profits of the firm in each period, π1 and π2, have to equal 0 in equilibrium. Define the competitive equilibrium

User Account

All Pages