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A Time Series Forecasting of the Philippine Unemployment Rate Using Feed-Forward Artificial Neural Network


 
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1. Title Title of document A Time Series Forecasting of the Philippine Unemployment Rate Using Feed-Forward Artificial Neural Network
 
2. Creator Author's name, affiliation, country Doeyien D. Misil; Western Mindanao State University Zamboanga City, Philippines; Philippines
 
2. Creator Author's name, affiliation, country Dennis A. Tarepe; University of Science and Technology of Southern Philippines Cagayan de Oro City, Philippines; Philippines
 
3. Subject Discipline(s)
 
3. Subject Keyword(s)
 
4. Description Abstract

Unemployment is considered as one of the major sources of social problems and it remains to be a significant challenge to every country. Hence, forecasting the trend of unemployment rate contributes to alleviating a country’s unemployment problem. This study focuses on forecasting the trend of the Philippine unemployment rate using one of the types of architecture of neural network which is the Feed-forward Artificial Neural Network. Neural networks are modern statistical tools. Nowadays these are widely used in different researches because of its ability to process complex and nonlinear data sets. To generate the Philippine unemployment rate forecast, this study used twelve variables namely, Unemployment Rates, Population, Labor Force, Gross Domestic Product (GDP), Gross National Income (GNI), Gross Domestic Investment (GDI), Inflation Rate, Elementary Level Cohort Survival Rate, High School Level Cohort Survival Rate, Higher Education Graduates, Index of value of production of key manufacturing enterprises by Industry and Foreign Trade covering the year 1991-2014 obtained from Philippine Statistics Authority (PSA) Region X. Results show that the model obtained in this study for forecasting the trend of  the unemployment rate in the Philippines is .875 or 87.5% accurate. A mathematical model for forecasting the unemployment rate was also formulated which can be used to generate future estimated values of unemployment rates.

Keywords: Time series forecasting, unemployment rate, feed-forward artificial neural network

 
5. Publisher Organizing agency, location Liceo de Cagayan University
 
6. Contributor Sponsor(s)
 
7. Date (YYYY-MM-DD) 2019-06-18
 
8. Type Status & genre Peer-reviewed Article
 
8. Type Type
 
9. Format File format
 
10. Identifier Uniform Resource Identifier http://asianscientificjournals.com/publication/index.php/ljher/article/view/1258
 
10. Identifier Digital Object Identifier 10.7828/ljher.v14i1.1258
 
11. Source Journal/conference title; vol., no. (year) Liceo Journal of Higher Education Research; Vol 14, No 1 (2018): June
 
12. Language English=en en
 
13. Relation Supp. Files
 
14. Coverage Geo-spatial location, chronological period, research sample (gender, age, etc.)
 
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