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Modeling Consumer Price Index: An Empirical Analysis Using Expert Modeler

Chaitanya Singla, Pradeepta Kumar Sarangi, Sunny Singh, Ashok Kumar Sahoo
Journal of Technology Management for Growing Economies , Volume 10, pp 43-50; doi:10.15415/jtmge.2019.101004

Abstract: Consumer price index (CPI) a popular economic indicator for India that represents the prices paid by customers for goods and services consumedby them.CPI is often used as an economic indicator that reflects the change in prices of goods and services over a period of time. In this work an attempt has been made to develop a forecasting model for India’s CPI for the period of May to December 2018. The data used in this work is the all-India CPI data for the period January 2013 - April 2018. SPSS Expert Modeler method has been used to fit the models and analyzing the data.
Keywords: SPSS / Prices / goods / Attempt / Made / January / Modeler / consumedby / them.CPI

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