U.S. Inflation Trends after the 2008 Recession; An Empirical Analysis of CPI - All
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%.
Tony S Caporale, Robert D Dean
Primary Advisor's Department
Economics and Finance
Stander Symposium poster
"U.S. Inflation Trends after the 2008 Recession; An Empirical Analysis of CPI - All" (2019). Stander Symposium Posters. 1572.