Homework: ACF and Time Series Decomposition
To complete this homework you need series Median usual weekly nominal earnings (second quartile): Wage and salary workers: Bachelor's degree and higher: 25 years.
A. Build an acf plot for the series. Explain what the acf is indicating. Are you observing any trend/seasonality?
B. Using classical decomposition(additive and multiplicative) to calculate the trend, seasonal indices, and the remainder.
C. Explain the type of trend you are observing on the Median usual weekly nominal earnings (second quartile) (increasing or decreasing). Explain what seasonal indices indicate? Are you observing any seasonality.
D. Which decomposition better fits your assigned variable?
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length