Economic measurement and temporal forecasting: simple and aggregate index numbers (Laspeyres, Paasche, Fisher's Ideal), the Consumer Price Index (CPI) in Kenya, the four components of a time series, and moving-average seasonal decomposition.
Topic 9: Index Numbers, Time Series, and Forecasting 1. Introduction & Learning Outcomes Economic and commercial decisions occur across time. Corporate managers, financial analysts, and policymakers in Kenya must routinely evaluate inflation trends, benchmark cost changes across fiscal years, and forecast future product demand while isolating seasonal fluctuations. This session explores two co...…
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