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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