Analysis of the development and prediction of the rate of unemployment in selected countries with market and transitive economy

Abstract

The paper is aimed at the presentation of findings achieved in the study of the dynamics and trends of the rate of unemployment in selected countries with market and transitive economy in the reference period 1995–2001. In addition to the description of developmental trends of analysed time series by means of trend functions of linear, quadratic, exponential, logarithmic, power and inverse types their informative ability was verified as a starting base for the realization of point prediction of investigated events for 2005. With given 95% probability, minimum and maximum values are determined of the evaluated macroeconomic indicator for a defined time horizon.

Keywords

• european countries
• market and transitive economy
• rate of unemployment
• dynamics
• development trends
• point and interval prediction