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) identifier

  • 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
  • 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.