Understanding inflation trends in Finland: A univariate approach

Thabani Nyoni

MPRA Paper from University Library of Munich, Germany

Abstract: This research uses annual time series data on inflation rates in Finland from 1960 to 2017, to model and forecast inflation using ARIMA models. Diagnostic tests indicate that F is I(1). The study presents the ARIMA (1, 1, 3) model. The diagnostic tests further imply that the presented optimal ARIMA (1, 1, 3) model is stable and acceptable in predicting Finnish inflation. The results of the study apparently show that F will be hovering around 1% over the next 10 years. Policy makers and the business community in Finland are expected to take advantage of the anticipated stable inflation rates over the next decade.

Keywords: Forecasting; inflation (search for similar items in EconPapers)
JEL-codes: C53 E31 E37 E47 (search for similar items in EconPapers)
Date: 2019-02-25
New Economics Papers: this item is included in nep-mac and nep-mon
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:92448

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