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Lagging unemployment

Given that economic trends may take some time to influence tourism, it may be helpful to lag your unemployment data before proceeding with analysis.

Generating a lag in xts is straightforward with the lag() command, which requires that you specify the data being lagged (the x argument) and a k value to determine the direction and scale of the lag.

Be careful to keep your formatting consistent. Base R and the zoo package require that you specify a lag with a negative value, so that a lag of 1 is expressed using "-1" (and a lead of 1 is counterintuitively expressed using "1"). By contrast, the xts package specifies lags using a positive value, so that a lag of 1 is expressed using "1" (and a lead of 1 is expressed using "-1").

Cet exercice fait partie du cours

Case Study: Analyzing City Time Series Data in R

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Instructions

  • Use lag() to generate a one-month lag of US unemployment. For a one month lag using monthly data, simply set the k argument equal to 1. Remember that your unemployment object contains time series data on both US unemployment (us) and MA unemployment (ma). You'll need to specify which column you want to lag. Save this new xts object as us_monthlag.
  • Use another call to lag() to generate a one-year lag of US unemployment. Once again, make sure you specify the correct column in unemployment and the appropriate k value to generate a lag over an entire year. Save this new xts object as us_yearlag.
  • Use merge() to combine your original unemployment data (unemployment) with your new lags (us_monthlag and us_yearlag). Save this combined data as unemployment_lags.
  • Use head() to view the first 15 rows of unemployment_lags.

Exercice interactif pratique

Essayez cet exercice en complétant cet exemple de code.

# Create a one month lag of US unemployment
us_monthlag <- lag(___$___, k = ___)

# Create a one year lag of US unemployment
us_yearlag <- 

# Merge your original data with your new lags 
unemployment_lags <- merge(unemployment, ___, ___)

# View the first 15 rows of unemployment_lags
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