Sarima Modeling of Consumer Price Index of Kuwait

Document Type : Original Article

Author

Dep. of Insurance and Statistics, Kuwait University, Kuwait

Abstract

The purpose of this study is to identify and estimates a statistical model for the consumer price Index (CPI) in Kuwait. Modeling is based on the autoregression of the previous values of the CPI series, and the moving average of its error terms. Box-Jenkins techniques are used to identify, estimate, and diagnostically check the best SARIMA model for CPI, before it is finalized and used for forecasting future values.

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