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Table 4 GCT Analysis

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

Granger causality Test (squared residual (SSR) based F test)

Acceptance letter

Lag 1 p(v): 0.2038

Lag 2 p(v): 0.0041

Distance education

Lag 1 p(v): 0.2601

Lag 2 p(v): 0.1064

Graduation

Lag 1 p(v): 0.0968

Lag 2 p(v): 0.4066

Loan application

Lag 1 p(v): 0.2634

Lag 2 p(v): 0.0340

School admission

Lag 1 p(v): 0.0393

Lag 2 p(v): 0.0214

American lottery

Lag 1 p(v): 0.7104

Lag 2 p(v): 0.8864

Distance learning

Lag 1 p(v): 0.5602

Lag 2 p(v): 0.8839

Health insurance

Lag 1 p(v): 0.0019

Lag 2 p(v): 0.0574

Mining jobs

Lag 1 p(v): 0.7852

Lag 2 p(v): 0.1818

Trade

Lag 1 p(v): 0.3928

Lag 2 p(v): 0.7702

Application for employment

Lag 1 p(v): 0.1214

Lag 2 p(v): 0.0350

Employment letter

Lag 1 p(v): 0.4170

Lag 2 p(v): 0.5553

How to make money

Lag 1 p(v): 0.0000

Lag 2 p(v): 0.0000

Nursing schools

Lag 1 p(v): 0.0125

Lag 2 p(v): 0.1505

Trading

Lag 1 p(v): 0.000

Lag 2 p(v): 0.000

application letter

Lag 1 p(v): 0.9501

Lag 2 p(v): 0.1191

Employment

Lag 1 p(v): 0.0279

Lag 2 p(v): 0.0353

How to start a business

Lag 1 p(v): 0.0000

Lag 2 p(v): 0.0000

Nursing training

Lag 1 p(v): 0.2080

Lag 2 p(v): 0.4708

training college

Lag 1 p(v): 0.4841

Lag 2 p(v): 0.4856

Business opportunities

Lag 1 p(v): 0.5516

Lag 2 p(v): 0.4648

Entrepreneur

Lag 1 p(v): 0.4588

Lag 2 p(v): 0.1039

Income tax

Lag 1 p(v): 0.0012

Lag 2 p(v): 0.0156

Online application

Lag 1 p(v): 0.4383

Lag 2 p(v): 0.3724

Unemployment

Lag 1 p(v): 0.0970

Lag 2 p(v): 0.1388

Career

Lag 1 p(v): 0.0843

Lag 2 p(v): 0.0015

Exchange rate

Lag 1 p(v): 0.7634

Lag 2 p(v): 0.7559

Job application

Lag 1 p(v): 0.1591

Lag 2 p(v): 0.0143

Online jobs

Lag 1 p(v): 0.0001

Lag 2 p(v): 0.0036

USA jobs

Lag 1 p(v): 0.2268

Lag 2 p(v): 0.2227

companies in Ghana

Lag 1 p(v): 0.0031

Lag 2 p(v): 0.0534

Foreign Exchange

Lag 1 p(v): 0.1086

Lag 2 p(v): 0.0025

Job interview

Lag 1 p(v): 0.0815

Lag 2 p(v): 0.0443

Online money

Lag 1 p(v): 0.0322

Lag 2 p(v): 0.1039

USA visa

Lag 1 p(v): 0.0000

Lag 2 p(v): 0.0000

Cover letter

Lag 1 p(v): 0.1414

Lag 2 p(v): 0.1310

Ghana economy

Lag 1 p(v): 0.7133

Lag 2 p(v): 0.8431

Job opportunities

Lag 1 p(v): 0.2461

Lag 2 p(v): 0.0003

Online schools

Lag 1 p(v): 0.3268

Lag 2 p(v): 0.5662

Vacancy

Lag 1 p(v): 0.7254

Lag 2 p(v): 0.0453

Curriculum vitae

Lag 1 p(v): 0.0135

Lag 2 p(v): 0.0130

Ghana jobs

Lag 1 p(v): 0.1970

Lag 2 p(v): 0.0301

Jobs in Ghana

Lag 1 p(v): 0.1561

Lag 2 p(v): 0.0300

police recruitment

Lag 1 p(v): 0.0026

Lag 2 p(v): 0.0004

Visa application

Lag 1 p(v): 0.3595

Lag 2 p(v): 0.1187

Cv

Lag 1 p(v): 0.8731

Lag 2 p(v): 0.0609

Graduate

Lag 1 p(v): 0.1661

Lag 2 p(v): 0.3506

Jobs in USA

Lag 1 p(v): 0.4430

Lag 2 p(v): 0.0679

Scholarship

Lag 1 p(v): 0.4433

Lag 2 p(v): 0.0009

Visa

Lag 1 p(v): 0.1565

Lag 2 p(v): 0.1066

  1. The bold values are the estimators whose p-value were lesser than 0.05. This was used as a benchmark for the study