Forecasting Non-Farm Payrolls: A Data-Driven Approach With Linear Regression

A Step-by-Step Guide to Building a Non-farm Payrolls Regression Model

Linear regression is sometimes looked down upon due to its simplicity and its linear-dependent outputs. However, a lot of complex forecasting tasks can be solved using linear regression. I was once told by a very successful hedge fund manager that one of their sophisticated trading models relied on a simple linear regression model.

This article will show…