FRACTAL ANALYSIS OF PHILIPPINES INFLATION RATE

Nancy S. Doloriel, Rolly G. Salvaleon, Ariston O. Ronquillo, Baceledes R. Estal

Abstract


Forecasting the movement of the inflation rate is essential in determining economic growth and stability. This study examined the volatility of Philippine inflation rate for the past six decades using the concept of fractal analysis as a basis for forecasting the inflation rates in the next ten years. The study revealed that despite a mixture of domestic and international problems, an inflation rate of our country remains to be stable. Moreover, a minimal dwindle in the projected inflation rate was noted but showed significant unstable result in the fractal dimension due to unforeseen factors and events that may happen in the future.

Keywords


inflation rate, trend, forecasting, fractal

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References


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