FORECASTING NIGERIAN INFLATION RATES BY A SEASONAL ARIMA MODEL Page No: 2179-2185

Ette Harrison Etuk, Bartholomew Uchendu and Uyhodu Amekauma Victoredema

Keywords: Inflation rate, seasonal time series, ARIMA model.

Abstract: Time series analysis of Nigerian Inflation Rates (INFL) Data is done. It is observed that it is seasonal. A multiplicative seasonal autoregressive integrated moving average (ARIMA) model, (0, 1, 1)x(0, 1, 1)12, is fitted to the series. The model is shown to be adequate and forecasts are obtained on the basis of the model.



[View Complete Article]