Near-Term Inflation Outlook and BB’s Policy Stance
Published By: Bangladesh Bank | Published Date: June, 01 , 2007This paper uses three alternative forecasting techniques, namely, Box-Jenkins’s Autoregressive Integrated Moving Average (ARIMA) model, unrestricted Vector Autoregression (UVAR) model and Hsiao’s Final Prediction Error (FPE) criteria to forecast inflation based on quarterly data during 1990:1-2006:4. This paper also compares these forecasting techniques to see which suits better in forecasting inflation based on the lowest MSE and RMSE.
Author(s): Md. Habibur Rahman, Sayera Younus | Posted on: Jan 23, 2016 | Views() | Download (151)