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Investigation of the Relationship between the Unemployment Rate and the Inflation Rate of Pakistan | ||
| Iranian Economic Review | ||
| دوره 27، شماره 4، اسفند 2023، صفحه 1307-1325 اصل مقاله (852.08 K) | ||
| نوع مقاله: Research Paper | ||
| شناسه دیجیتال (DOI): 10.22059/ier.2023.337235.1007366 | ||
| نویسندگان | ||
| Abbas Ali Ghoto* 1؛ Mir Ghulam Hyder Talpur2؛ Shakeel Ahmed Kamboh1 | ||
| 1Department of Mathematics and Statistics, Quaid-e-Awam University of Engineering, Science and Technology, Nawabshah, Pakistan | ||
| 2Department of Mathematics and Statistics, Institute of Business Management, Karachi, Pakistan | ||
| چکیده | ||
| Unemployment is one of the most challenging problems faced by governments, particularly in developing countries. Due to the rapid increase in the population of Pakistan and less number of job opportunities the government needs to properly forecast the unemployment rate to make future policies. This paper aims to model statistical relationships between the unemployment rate and the inflation rate for the determination of any feasible trend of unemployment in the country. About twenty different interrelationships between unemployment and inflation have been investigated by using the curve fitting approach and their goodness of fit was analyzed. The unemployment trend of Pakistan depending only on inflation does not appear homogeneous; as there is an unexpected increase or decrease. The scattered nature of the data shows that there is a negative correlation between the unemployment rate and the inflation rate of Pakistan. However, the Fourier model with three terms, the Gaussian model with two terms, and the sum of the sine model with four terms appear to fit the data moderately. | ||
| کلیدواژهها | ||
| Forecasting Trends؛ Inflation Rate؛ Regression Analysis؛ Statistical Modeling؛ Unemployment Rate | ||
| مراجع | ||
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