| Issue |
SHS Web Conf.
Volume 107, 2021
9th International Conference on Monitoring, Modeling & Management of Emergent Economy (M3E2 2021)
|
|
|---|---|---|
| Article Number | 10002 | |
| Number of page(s) | 6 | |
| Section | Monitoring, Modeling, Forecasting and Preemption of Crisis in Socio-economic Systems | |
| DOI | https://doi.org/10.1051/shsconf/202110710002 | |
| Published online | 24 May 2021 | |
A forecasting the consumer price index using time series model
1
Odessa National Economic University, 8 Preobrazhenskaya Str., 65082, Odessa, Ukraine
2
International Humanitarian University, 33 Fountain Road Str., 65009, Odessa, Ukraine
3
University of the State Fiscal Service of Ukraine, 31 Universytetska Str., Irpin city in Kiev Region, 08201, Ukraine
* e-mail: shinkar@te.net.ua
** e-mail: alexeyGostrik@gmail.com
*** e-mail: larysoncka@gmail.com
**** e-mail: dolinsky.com@gmail.com
This article examines the behavior of the consumer price index in Ukraine for the period from January 2010 to September 2020. The characteristics of the initial time series, the analysis of autocorrelation functions made it possible to reveal the tendency of their development and the presence of annual seasonality. To model the behavior of the consumer price index and forecast for the next months, two types of models were used: the additive ARIMA*ARIMAS model, better known as the model of Box-Jenkins and the exponential smoothing model with the seasonality estimate of Holt-Winters. As a result of using the STATISTICA package, the most adequate models were built, reflecting the monthly dynamics of the consumer price index in Ukraine. The inflation forecast was carried out on the basis of the Holt-Winters model, which has a minimum error.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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