Inflation forecast + RStudio
Writing 12
After almost a decade, at least from the beginning of the COVID-19 pandemic, (continually high) consumer prices inflation has returned to our daily life as an economic phenomenon.The site evaluates and compares the various models of inflation forecast, widely used in literature.Predictors such as the prices of raw materials (inflation of manufacturer prices; gold, energy, etc.)or unemployment (Filipus’s blood)Furthermore, the stability of the predictive force of the predictors is assessed over time will be analyzed.The results will then be compared to the earlier results.I have two possible questions for the article.How accurate are inflation forecasts based on different methods, compared to each other and with the actual inflation rates?In what extent can the choice of the forecast model affect the accuracy of the inflation forecast, and which model is the most suitable in specific conditions?The literature used.- Fauss, Wright (2013) Inflation Forecast - Furlong, Ingenito (1996) Raw Goods Prices and Inflation - Garner (1995) How useful are pre-inflation indicators?- Clark (1995) Is the price of producers above consumer prices?After work I also need - RStudio script - The source data with which the work was carried out
The Harvard Method of Citation (cf.Müller/Neuer 2019: 23)In the task of 12 pages of flat text + drawings, etc. Also the models need to be re-created in RStudio, so I also need the RStudio script and the source data that were used
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