Open AccessSARIMA Model for Forecasting Price Indices Fluctuations
Author(s) -
N. Sonai Muthu,
K. Senthamarai Kannan,
Deneshkumar Venugopal,
Pon Amutha Thangasamy
Publication year - 2021
Publication title -
european journal of mathematics and statistics
Language(s) - English
Resource type - Journals
ISSN - 2736-5484
DOI - 10.24018/ejmath.2021.2.6.67
Subject(s) - consumer price index (south africa) , inflation (cosmology) , price index , wholesale price index , economics , index (typography) , producer price index , food prices , work (physics) , agricultural economics , price level , econometrics , inflation rate , industrial production index , price fluctuation , monetary economics , food security , interest rate , macroeconomics , mid price , geography , engineering , production (economics) , agriculture , monetary policy , computer science , archaeology , theoretical physics , world wide web , mechanical engineering , physics
In day-to-day life, the price level fluctuations in the Consumer Price Index (CPI) goods and service. So, the retail consumers are affecting by that price level changes, who are on the demand side of the economy. The main objective of this work is to forecast such selected factors of CPI in urban and rural areas of India, like: Food and Beverages, Pan, Tobacco and Intoxicants, Fuel and Light and Education and also compute the inflation rate for those four main variables in all India.