Engineering Alpha

Engineering Alpha

Can You Predict the NFP Using This Single Metric?

Creating a Simple Model in Python to Predict the Rise or Drop on the NFP

Sofien Kaabar, CFA's avatar
Sofien Kaabar, CFA
Jun 19, 2023
∙ Paid

Jobs report is an important economic release for many countries and especially the US one as it serves as one of the pillars of monitoring inflation which leads monetary policies. This article presents a base of trying to forecast whether the NFP will rise this month or not using a single variable. Surely, economists have more complex models. Neverthele…

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