I want to prove if crude oil price are effect to unemployment rate. By the way, the data are time series data, collected every 4 months a year for 10 years. The data are as bellow;
Oil Price | Unemployment |
78.01 | 1.63 |
82.58 | 1.61 |
96.16 | 1.18 |
113.96 | 1.11 |
87.52 | 1.65 |
102.74 | 1.39 |
75.23 | 1.18 |
53.53 | 1.33 |
108.40 | 2.08 |
39.10 | 1.75 |
85.58 | 1.17 |
101.41 | 0.98 |
26.00 | 1.13 |
97.57 | 1.32 |
88.50 | 0.87 |
67.01 | 0.85 |
99.21 | 0.83 |
77.17 | 0.60 |
77.69 | 0.66 |
74.99 | 0.63 |
79.05 | 0.72 |
75.36 | 0.86 |
70.69 | 0.58 |
81.13 | 0.47 |
71.00 | 0.72 |
84.36 | 0.74 |
84.69 | 0.77 |
76.47 | 0.65 |
84.91 | 0.89 |
76.62 | 1.00 |
75.03 | 0.84 |
78.83 | 0.61 |
77.25 | 0.94 |
75.73 | 0.88 |
80.02 | 0.92 |
79.33 | 0.80 |
74.27 | 0.97 |
81.84 | 1.08 |
78.85 | 0.94 |
77.27 | 0.97 |
so i have to do
1. the stationary test by using ADF test
2. the cointegratio*n test to see the long-term relationship
3. the Grange*r causality test to see if x is grange*r cause y or not
4. the ARIM*A test to predict the future
what syntax should i use?
thank you in advance
I don't have much experience with the time series procedures but know that most of them will require a date variable to incorporate the "time" portion of the analysis. One date per month is fine but you might want to be consistent about using first of month.
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