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Title: ANALYSIS OF THE KENYAN INFLATION RATES: THE ARIMA APPROACH
Authors: Jane Mumbi Thuita
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Jane Mumbi Thuita Department of Management Science, Chuka University
MLA 8 Thuita, Jane Mumbi. "ANALYSIS OF THE KENYAN INFLATION RATES: THE ARIMA APPROACH." Int. j. of Social Science and Economic Research, vol. 6, no. 2, Feb. 2021, pp. 486-497, doi:10.46609/IJSSER.2021.v06i02.007. Accessed Feb. 2021. APA 6 Thuita, J. (2021, February). ANALYSIS OF THE KENYAN INFLATION RATES: THE ARIMA APPROACH. Int. j. of Social Science and Economic Research, 6(2), 486-497. doi:10.46609/IJSSER.2021.v06i02.007 Chicago Thuita, Jane Mumbi. "ANALYSIS OF THE KENYAN INFLATION RATES: THE ARIMA APPROACH." Int. j. of Social Science and Economic Research 6, no. 2 (February 2021), 486-497. Accessed February, 2021. doi:10.46609/IJSSER.2021.v06i02.007.
References [1]. FE Online. (2019, September 23). What is inflation? The Financial Express. Retrieved February 25, 2021, from https://www.financialexpress.com/what-is/inflation-meaning/1618981/ [2]. Slustzky, H.(1937). The summation of random causes as the source of cyclic process. Econometrica.5, 105-146. [3]. Riley, G. (2020). Inflation - Consequences of inflation \| Economics \| tutor2u. tutor2u. Retrieved February 25, 2021, from https://www.tutor2u.net/economics/reference/inflation-consequences-of-inflation
Abstract: This paper modelled the Kenyan Inflation Rates using the ARIMA models and used the fitted model for forecasting. Annual time series data for the period January 2005-January 2020was used in the analysis, by using Box-Jenkins method and ARIMA model. Data were obtained from the World Bank website. The results showed that, there is a convergence between predictive values and actual values during the period of 2020. The results indicate that the inflation rates in Kenya will increase in the year 2021.

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