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An Examination of Male and Female Monthly Employment Rates over Time in Canada and the United States Using Hidden Markov Probability Models

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Document pages: 9 pages

Abstract: In thispaper, we will illustrate the use and power of Hidden Markov models inanalyzing multivariate data over time. The data used in this study was obtainedfrom the Organization for Economic Co-operation and Development (OECD. Stat database url: https: stats.oecd.org ) andencompassed monthly data on the employment rate of males and females in Canada and theUnited States (aged 15 years and over; seasonally adjusted from January 1995 toJuly 2018). Twodifferent underlying patterns of trends in employment over the 23 years observation period wereuncovered.

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