ECONOMETRIC ANALYSIS OF THE RELATIONSHIP BETWEEN INFLATION AND UNEMPLOYMENT
Abstract
The economic substance of the economyʼs primary indicators, inflation, and unemployment, as well as the dynamic indicators of these economic categories, have been investigated using economic-statistical methodologies. An econometric model was built after examining the quantitative relationship between inflation and unemployment. Modeling the impact of unemployment on inflation changes yielded predicted indicators for these variables in the coming years.
Keywords:
inflation unemployment economic processes correlations economic category dynamics econometric modelling correlation-regression analysis coefficients econometric model evaluation model adequacyReferences
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