Modeling of Nigeria Inflation Rate Using the Times Domain Approach:- Dike, Kelechi G
ABSTRACT
The shock an
economy can witness due to the fluctuations ofprices of goods and services over
time and the need to have knowledge of inflationary trends prompted this study.
As noted, some causes of inflation are increase in wages and levying of high
taxes. In this study, inflation rates series were examined and the times domain
approach to time series was used. The buys ballot procedure indicated that the
multiplicative model was appropriate and a linear trend equation was fitted to
the series using the Chain Base Estimation (CBE) approach. The seasonal indices
indicated that there is little or no presence ofseasonality under the period of
study. A 12 months forecast was made indicating a high rate of inflation at the
beginning of the year as compared to the immediate past months and subsequent
decline as the year moves toward the end. Among all measures of control, it was
recommended that productivity should be encouraged and increased.
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DIKE, G (2024). Modeling of Nigeria Inflation Rate Using the Times Domain Approach:- Dike, Kelechi G. Mouau.afribary.org: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/modeling-of-nigeria-inflation-rate-using-the-times-domain-approach-dike-kelechi-g-7-2
GABRIEL, DIKE. "Modeling of Nigeria Inflation Rate Using the Times Domain Approach:- Dike, Kelechi G" Mouau.afribary.org. Mouau.afribary.org, 01 Mar. 2024, https://repository.mouau.edu.ng/work/view/modeling-of-nigeria-inflation-rate-using-the-times-domain-approach-dike-kelechi-g-7-2. Accessed 23 Dec. 2024.
GABRIEL, DIKE. "Modeling of Nigeria Inflation Rate Using the Times Domain Approach:- Dike, Kelechi G". Mouau.afribary.org, Mouau.afribary.org, 01 Mar. 2024. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/modeling-of-nigeria-inflation-rate-using-the-times-domain-approach-dike-kelechi-g-7-2 >.
GABRIEL, DIKE. "Modeling of Nigeria Inflation Rate Using the Times Domain Approach:- Dike, Kelechi G" Mouau.afribary.org (2024). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/modeling-of-nigeria-inflation-rate-using-the-times-domain-approach-dike-kelechi-g-7-2