Python Programming - State Government - Economic Growth - Computer Science - Assessment Answer

Python Programming - State Government - Economic Growth - Computer Science - Assessment Answer 

Task:

Forecasting State Final Demand, A government agency is asking your help to establish a model to predict State Final Demand (SFD) for every state in Australia.
1. The model must be able to produce a quarterly forecast of SFD for all states in Australia and the forecast horizon should be at least 4 steps ahead (forecast for next year). What is your model and what is the evidence of its forecast performance?

2. Calculate the GDP and predict for the next two years.

3. How does your model help to explain the dynamic of WA State Final Demand relative to other states? (In terms of the boom in mining, infrastructure, households and how it affecting interstate economy, considering the lead, lag indicators. Eg: During the boom time, WA and Queensland lead the other states)

4. How does your model help the state government to manage economic growth, both in the short run and the long run?

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