Prediction of Unemployment In India Using Fb Prophet

Abstract

The unemployment rate is a key indicator of economic performance and financial market risk. The main causes of unemployment in India are Large population, lack of professional qualifications, or poorly educated workforce. Labor-intensive sectors have suffered from a slowdown in private investment, especially after the banknote withdrawal. The Covid surge has made unemployment one of the biggest problems in India. The purpose of this project is to predict the future unemployment rate in India using the FB Prophet model. This model is used to predict the future values and developed by Facebook. There are many predictive model in unemployment using LSTM and ARIMA model but the values are not much precise, so we proposed the FB Prophet model for predicting the precise value. We can get a precise with the help of FB Prophet Model. The values are predicted using the FB prophet model and the predicted values are displayed in the form of graph.