Published : 2010-05-13

Forecasting of Lubelskie Voivodship Labor Market by Applying ARIMA and ARIMAX Models

Jarosław Bielak



Abstract

In the article practical application of models ARIMA and ARIMAX to forecast Lubelskie Voivodship labor market – number of unemployed persons and average paid employment in enterprise sector – is presented. Additional variable in the ARIMAX models is economic sentiment index (barometer). The differences between forecast obtained by ARIMA models and forecasts obtained by ARIMAX models are shown. Quarterly and monthly time series are taken into consideration. Additionally method of conversion economic sentiment index from quarterly to monthly frequency is discussed. In the last part of paper the presented forecasting method is reviewed.

Keywords:

forecasting, labor market, economic sentiment index, ARIMA and ARIMAX models, Lublin


Most read articles by the same author(s)

1 2 3 4 > >> 

Details

References

Statistics

Authors

Download files

PDF (Język Polski)

Citation rules

Bielak, J. (2010). Forecasting of Lubelskie Voivodship Labor Market by Applying ARIMA and ARIMAX Models. Regional Barometer. Analyses & Prognoses, (1 (19), 27–44. https://doi.org/10.56583/br.1379

Altmetric indicators


Cited by / Share


Publisher
Wydawnictwo Akademii Zamojskiej
ul. Pereca 2, 22-400 Zamość
tel.: +48 84/638 34 44;
tel. kom. +48/ 790 331 087
fax: +48 84/ 638 35 00
University
Akademia Zamojska
ul. Pereca 2, 22-400 Zamość
tel. 84 638 34 44
fax 84 638 35 00
e-mail: rektorat@akademiazamojska.edu.pl
About:
Copyright 2021 by
OJS Support and Customization by LIBCOM
Platform & workfow by OJS/PKP