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