U.S. Inflation Trends after the 2008 Recession; An Empirical Analysis of CPI - All

U.S. Inflation Trends after the 2008 Recession; An Empirical Analysis of CPI - All

    Presenter(s)

    Kathryn R Schulz

    Description

    A key variable in determining U.S. Federal Reserve Policy concerning Fed Funds Rates is the inflation rate in the U.S. economy. In this study, I developed time trend models for each month of the year using 2009 - 2017 as my modeling period. I then used the twelve time trend regression equations to forecast inflation levels for each month in 2018. Adjusting the forecast using the root mean square forecasting error procedure, I test for forecasting accuracy based on an error tolerance of 2%.

    Publication Date

    4-24-2019

    Project Designation

    Independent Research

    Primary Advisor

    Tony S. Caporale, Robert D. Dean

    Primary Advisor's Department

    Economics and Finance

    Keywords

    Stander Symposium project

    U.S. Inflation Trends after the 2008 Recession; An Empirical Analysis of CPI - All

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