Time series assignment. The significance of Okuns law in forecasting economic growth

Focusing on the relationship between unemployment and economic growth in the US, this academic paper examines Okun's law using time series data on GDP and unemployment rates. Through rigorous data analysis and regression techniques, the study reveals significant insights into economic fluctuations. Despite the law's popularity and acceptance, the findings suggest that it may not be the most reliable tool for forecasting economic growth in the country, challenging conventional economic assumptions.