Hybrid Model for Unemployment Impact on Social Life

Claudiu-Ionuţ Popîrlan, Irina-Valentina Tudor, Constantin-Cristian Dinu, Gabriel Stoian, Cristina Popîrlan and Daniela Dănciulescu
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Claudiu-Ionuţ Popîrlan: Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
Irina-Valentina Tudor: Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
Constantin-Cristian Dinu: Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
Gabriel Stoian: Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
Cristina Popîrlan: Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania
Daniela Dănciulescu: Computer Science Department, Faculty of Sciences, University of Craiova, A.I. Cuza Street, No. 13, 200585 Craiova, Romania

Mathematics, 2021, vol. 9, issue 18, 1-19

Abstract: In this paper, we want to examine how unemployment impacts social life, and, by using datasets from six European countries, we analyze the effect of unemployment on two of the main aspects of social life: social exclusion and life satisfaction. First, we predict unemployment rates using the Auto Regressive Integrated Moving Average (ARIMA) model and the results are further used in a linear regression model alongside social exclusion and life satisfaction data, thus obtaining the hybrid model. With the help of the point prediction method, we use the hybrid model to predict new values for the two aspects of social life for the upcoming three years and we analyze the results obtained in order to better understand their interconnection. The results suggest that unemployment has particularly adverse effects on the subjective perception of life satisfaction, furthermore increasing the social exclusion percentage.

Keywords: hybrid model; ARIMA model; linear regression model; unemployment; social life; life satisfaction; social exclusion (search for similar items in EconPapers)
JEL-codes: C (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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