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Time Series Arima Modelling of Inflation in Ghana:(1990-2015)

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目录

声明

LIST OF ABBREVIATIONS

致谢

CHAPTER ONE INTRODUCTION

1.0 BACKGROUND TO THE STUDY

1.1 STATEMENT OF THE PROBLEM

1.2 OBJECTIVES

1.3 METHODOLOGY

1.4 JUSTIFICA TION

1.5 STRUCTURE OF RESEARCH

1.5 LIMITATIONS

CHAPTER TWO LITERATURE REVIEW

2.0 INTORDUCTION

2.1 THEORIES ON INFLATON AND ITS EFFECT

2.2 MATHEMATICAL APPLICATION

2.3 CONCLUSION

CHAPTER THREE METHODOLOGY

3.0 INTRODUCTION

3.1 BASIC CONCEPTS ON TIME SERIES

3.2 STATIONARY AND NON-STATINARY TIME SERIES

3.3 ARIMA MODEL

3.4 PRINCIPLES OF ARIMA MODELLING (BOX-JENKINS 1976)

3.5 CONCLUSION

CHAPTER FOUR

4.1 ANALYSISING DATA AND RESULTS DISCUSSION OF THE STUDY

4.2 PRELIMINARY DATA ANALYSIS

4.2 MODEL FITTING

4.3 MODEL DIAGNOSTIC

4.4 EVALUATING THE ACCURACY OF THE FORECAST

4.5 INFLATION MODEL FOR THE PERIOD OF 1990 TO 2000

4. 6 INFLATION MODEL FOR THE PERIOD OF 2001 TO 2009

4. 7 COMPARING INFLATION RATES BETWEEN THE THREE PERIODS (1990-2000 AND 2001-2009)

4.8 CONCLUSION

5.1 SUMMARY OF FINDINGS

5.2 RECOMMENDATIONS

5.3 RECOMMENDATION

5.4CONCLUSION

参考文献

APPENDIX ONE

APPENDIX TWO

APPENDIX THREE

APPENDIX FOUR

APPENDIX FIVE

APPENDIX SIX

APPENDIX SEVEN

APPENDIX EIGHT

APPENDIX NINE

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摘要

Throughout the world,most central bank policy initiatives have been aimed at achieving and maintaining price stability and the Bank of Ghana is no exception to this rule.This study attempts to outline the practical steps which need to be undertaken in order to use the autoregressive integrated moving average(ARIMA)model for forecasting Ghana?s inflation.The main focus of the study is to model inflationand hence used to forecast the monthly inflation on short-term basis,for this purpose,different ARIMA models are used and the candid model is selected based on various diagnostic,evaluation and selection criteria.It can be concluded that themodel has sufficient predictive powers and the findings are well in line with those of other studies. Again the study models inflation for the periods of 1990 to 2000 and 2001 to 2009 and it was realized that the inflation model for the periodof 1990 to 2000 is ARIMA (1,2,2)written asγ=18.5770+0.455848t-3.57e-0.3t2+0.7807yt-1-1.0813εt-1+0.1020εt-2+εWhilst that of 2001 to 2009 is modeled as ARIMA(2,2,1),written asy=34.3958-0.637228t+4.40e-0.3t2-1.3764yt-1-0.4389yt-2+0.9860εt-1+ε It was concluded that inflation for the period of January 2001 to December2009 was less than that of January 1990 to December 2000. The model is recommended for use by stakeholders because it has a lower error variance of ±1,which follows closely with the actual data.It is recommended further to be used as the basisfor constructing deterministic models such as first and second order differential equations by future researchers.

著录项

  • 作者

    AMEYAW; PATIENCE;

  • 作者单位

    对外经济贸易大学;

  • 授予单位 对外经济贸易大学;
  • 学科 金融学
  • 授予学位 硕士
  • 导师姓名 Xie Yuantao;
  • 年度 2016
  • 页码
  • 总页数
  • 原文格式 PDF
  • 正文语种 中文
  • 中图分类 F834.45;
  • 关键词

    加纳; 通货膨胀; 时间序列; ARIMA模型;

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