Plot the value of Infl from 1970:M01 through 2012:M12. Based on the plot, do you think that Infl has a stochastic trend? Explain.
Forecasting models for the rate of inflation – Guidelines Go to FRED’s website (https://fred.stlouisfed.org/) and download the data for: Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL) – Seasonally adjusted – Monthly Frequency – From 1947:M1 to 2017:M12 In this hands-on exercise you will construct forecasting models for the rate of inflation, based […]