Forecasting inflation in Turkey: A comparison of time-series and machine learning models

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AKBULUT H.

ECONOMIC JOURNAL OF EMERGING MARKETS, vol.14, no.1, pp.55-71, 2022 (ESCI)

• Publication Type: Article / Article
• Volume: 14 Issue: 1
• Publication Date: 2022
• Doi Number: 10.20885/ejem.vol14.iss1.art5
• Journal Name: ECONOMIC JOURNAL OF EMERGING MARKETS
• Journal Indexes: Emerging Sources Citation Index (ESCI)
• Page Numbers: pp.55-71
• Keywords: inflation forecasting, time series models, machine learning models, emerging economies, PHILLIPS-CURVE
• Open Archive Collection: AVESIS Open Access Collection
• Hacettepe University Affiliated: Yes

Abstract

Purpose - This paper aims to analyze inflation in Turkey. For this purpose, the accuracy of some Machine Learning (ML) models in forecasting inflation have been tested a new and complementary approach has been tried to be given to time series models.