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SARIMA Model for Forecasting Price Indices Fluctuations

Author

Listed:
  • N. Sonai Muthu

    (Manonmaniam Sundaranar University, India)

  • K. Senthamarai Kannan

    (Manonmaniam Sundaranar University, India)

  • V. Deneshkumar

    (Manonmaniam Sundaranar University, India)

  • P. Thangasamy

    (Manonmaniam Sundaranar University, India)

Abstract

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.

Suggested Citation

Handle: RePEc:epw:ejmath:v:2:y:2021:i:6:id:14067
DOI: 10.24018/ejmath.2021.2.6.67
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