Abstract
This study aimed to look at information on customer price indexes (CPI) in Iraq, from 2000 to 2023, using the auto-regressive coordinates moving average (ARIMA) demonstrated for prescient investigation. The primary focus of this study was the necessity of a dependable method for determining consumer prices in a constantly shifting landscape. The approach involved obtaining CPI data from the Food and Agriculture Organization of the United Nations, applying the ARIMA (0,2,3) (0,0,1) model with R programming, and conducting a comprehensive analysis that incorporated descriptive statistics, parameter estimation, and validation tests. The key finding revealed that the ARIMA model effectively captured and predicted CPI patterns, consistent with previous theories, demonstrating its efficacy in Iraqi market. In essence, the results of this study provide valuable insights for those involved in financial decision-making, enhancing our understanding of potential buyer price trends and highlighting the significance of utilizing the ARIMA model in CPI analysis in Iraqi market.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.