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Use the data in Table 1.1 entitled Civilian Labor Force Participation Rate (CLFPR), Civilian
Unemployment Rate (CUNR), and Average Hourly Earnings (AHE) to estimate the following
multivariable regression model using EVIEWS: CVLFPRt=b1+b2 CUNR t+b3AHEt+et A. Do the
partial regression coefficients have the expected sign? Are they significant? B. Does the model fit
the data well? C. Does the model support the discouraged worker or added worker
hypothesis?U.S Civilian Labor Force Participation Rate, Cillian Unemployment Rate and Real

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US Labor Stats Regression Model: Participation, Unemployment, Earnings

  • 1. Use the data in Table 1.1 entitled Civilian Labor Force Participation Rate (CLFPR), Civilian Unemployment Rate (CUNR), and Average Hourly Earnings (AHE) to estimate the following multivariable regression model using EVIEWS: CVLFPRt=b1+b2 CUNR t+b3AHEt+et A. Do the partial regression coefficients have the expected sign? Are they significant? B. Does the model fit the data well? C. Does the model support the discouraged worker or added worker hypothesis?U.S Civilian Labor Force Participation Rate, Cillian Unemployment Rate and Real