predict inflation in Ghana. In order to fulfil this objective, economic variables such as the consumer price index, money … Box-Jenkins approach has been used and for the cointegration model, the Johansen's approach has been utilised …) than the ARIMA model and as such may be more efficient than the ARIMA model in forecasting inflation. Therefore, the VAR …

ignored structural break(s) and omitted variable(s). We use a simple model (for July 1991 to March 2016) to forecast inflation … inflation compared to one from a) the same model without IC, b) the same model with half intercept correction, and c) random … walk model without IC. For the particular class of inflation models under study, over the time period specified, "quarter …