SARIMA Model for Forecasting Price Indices Fluctuations



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Submitted Sep 29, 2021
Published Nov 8, 2021
10.24018/ejmath.2021.2.6.67

Abstract viewed = 674 times

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In day-to-day life, the price level fluctuations in the Consumer Price Index (CPI) goods and service. So, the retail consumers are affecting by that price level changes, who are on the demand side of the economy. The main objective of this work is to forecast such selected factors of CPI in urban and rural areas of India, like: Food and Beverages, Pan, Tobacco and Intoxicants, Fuel and Light and Education and also compute the inflation rate for those four main variables in all India.

Keywords: ADF, KPSS, SARIMA, CPI and RBI

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