Showing posts with label Forecasting. Show all posts
Showing posts with label Forecasting. Show all posts

How to Build an Econometric Forecasting Model in R? A Step-by-Step Guide-1

In this post, I am going to build an econometric regression model in R from scratch. As an example, I have decided to use the monthly unemployment rate in the U.S. as my dependent variable and I used 7 different macroeconomic indicators as independent variables. First, I will explain how to extract relevant data from external sources and introduce them in a proper data frame format in R.

How to Build an Econometric Forecasting Model in R? A Step-by-Step Guide-1

In this post, I am going to build an econometric regression model in R from scratch. As an example, I have decided to use the monthly unempl...