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Table 2 Training, Test Sample

From: VAR, ARIMAX and ARIMA models for nowcasting unemployment rate in Ghana using Google trends

Data / train / Test

Year(s)

GT (50)

UER %

Percentage %

Total size 2010–2020

10 years

574

574

100% of data size

Training 2010–2018

8 years

470

470

80% of data size

Test set 2019–2020

2 years (Y24/12)

104

104

20% of data size (100% of test set)

1 year 9 months (Y21/12)

91

91

88% of test set

1 year 6 months (Y18/12)

78

78

75% of test set

1 year 3 months (Y15/12)

65

65

63% of test set

1 year (Y12/12)

52

52

50% of test set

9 months (Y9/12)

39

39

38% of test set

6 months (Y6/12)

26

26

25% of test set

3 months (Y3/12)

13

13

13% of test set

1 month (Y1/12)

4

4

4% of test set