Develop a suitable arima model to forecast the labor force


Problem

Develop a suitable ARIMA model to forecast the labor force participation rate for females and males separately. What considerations would you take into account in developing such a model? Show the necessary calculations and explain the various di-agnostic tests you use in your analysis.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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