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The hierarchical structure of the Colombian Consumer Price Index (CPI) makes possible to calculate inflation as a … linear combination of its subcomponents. We use SARIMA models to forecast each component of CPI and construct an forecast of … inflation using a lineal combination of the forecasts of these components, i.e. a "bottom to top" approach. In this paper, we …
Persistent link: https://www.econbiz.de/10011995028
The hierarchical structure of the Colombian Consumer Price Index (CPI) makes possible to calculate inflation as a … linear combination of its subcomponents. We use SARIMA models to forecast each component of CPI and construct an forecast of … inflation using a lineal combination of the forecasts of these components, i.e. a "bottom to top" approach. In this paper, we …
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have decreased substantially from 2001 onwards, which coincides with the adoption of an inflation targeting regime by Banco …
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