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Lab 1 (BTS3014)

This document provides an introduction to a time series analysis and forecasting lab assignment. The document includes: 1) A table of consumer price index data from 1980-2005 for 7 industrialized countries with 1982-1984 base of 100. 2) Questions asking students to calculate inflation rates for each country, plot inflation rates over time, draw conclusions about inflation trends, and identify which country had the most variable inflation. 3) The table of consumer price index data for the 7 countries from 1980-2005 that is referenced in the assignment questions.

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NIVEDHA A P VADIVELU
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69 views2 pages

Lab 1 (BTS3014)

This document provides an introduction to a time series analysis and forecasting lab assignment. The document includes: 1) A table of consumer price index data from 1980-2005 for 7 industrialized countries with 1982-1984 base of 100. 2) Questions asking students to calculate inflation rates for each country, plot inflation rates over time, draw conclusions about inflation trends, and identify which country had the most variable inflation. 3) The table of consumer price index data for the 7 countries from 1980-2005 that is referenced in the assignment questions.

Uploaded by

NIVEDHA A P VADIVELU
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BTS3014 TIME SERIES ANALYSIS & FORECASTING TRIMESTER 2 2022/2023

Lab One: Introduction

Question 1
Table 1.2 gives data on the Consumer Price Index (CPI) for seven industrialized countries
with 1982-1984 = 100 as the base of the index.
a. For the given data, compute the inflation rate for each country.
b. Plot the inflation rate for each country against time (i.e., use the horizontal axis for
time and the vertical axis for the inflation rate).
c. What broad conclusions can you draw about the inflation experience in the seven
countries?
c. Which country’s inflation rate seems to be most variable? Can you offer any
explanation?
(Table 1-2 appears in the following page)

Table 1-2
Canad Franc German
Year USA a Japan e y Italy UK
1980 82.4 76.1 90.9 72.3 86.7 63.2 78.5
1981 90.9 85.6 95.3 81.9 92.2 75.4 87.9
1982 96.5 94.9 98.1 91.7 97.1 87.7 95.4
1983 99.6 100.4 99.8 100.4 100.3 100.8 99.8
1984 103.9 104.7 102.1 108.1 102.7 111.5 104.8
1985 107.6 109.0 104.2 114.4 104.8 121.1 111.1
1986 109.6 113.5 104.9 117.3 104.7 128.5 114.9
1987 113.6 118.4 104.9 121.1 104.9 134.4 119.7
1988 118.3 123.2 105.6 124.4 106.3 141.1 125.6
1989 124.0 129.3 108.0 128.7 109.2 150.4 135.3
1990 130.7 135.5 111.4 133.0 112.2 159.6 148.2
1991 136.2 143.1 115.0 137.2 116.3 169.8 156.9
1992 140.3 145.3 117.0 140.5 122.1 178.8 162.7
1993 144.5 147.9 118.5 143.5 127.6 186.4 165.3
1994 148.2 148.2 119.3 145.8 131.1 193.7 169.4
1995 152.4 151.4 119.2 148.4 133.5 204.1 175.1
1996 156.9 153.8 119.3 151.4 135.5 212.0 179.4
1997 160.5 156.3 121.5 153.2 137.8 215.7 185.0
1998 163.0 157.8 122.2 154.2 139.1 222.5 191.4
1999 166.6 160.5 121.8 155.0 140.0 226.2 194.3
2000 172.2 164.9 121.0 157.6 142.0 231.9 200.1
2001 177.1 169.1 120.1 160.2 144.8 238.3 203.6
2002 179.9 172.9 119.0 163.3 146.7 244.3 207.0
2003 184.0 177.7 118.7 166.7 148.3 250.8 213.0
2004 188.9 181.0 118.7 170.3 150.8 256.3 219.4
2005 195.3 184.9 118.3 173.2 153.7 261.3 225.6
Source: Gujarati, D.M. (2009). Basic Econometrics. 5th Edition, Singapore: McGraw-Hill, Table 1.3, pp. 29.
BTS3014 TIME SERIES ANALYSIS & FORECASTING TRIMESTER 2 2022/2023

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