Forecasting Inflation Rates in The Libyan Economy Using Exponential Smoothing Methods

  • Hussen Faraj Elmergib University
Keywords: Forecasting, Inflation, Libyan economy, exponential smoothing, CPI

Abstract

The main aim of this study was to forecast inflation rates in the Libyan economy during the period 2020-2025. In order to achieve its objectives, the study has used CPI (2003=100) as an index of inflation in Libya, and adopted exponential smoothing methods. The main findings of the study have indicated that HW-no seasonality method is the most appropriate method for forecasting inflation rates in Libya. The forecasting results has showed that inflation rates in Libya will sharply decline in 2020. However, it will increase along the rest of the period.

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Author Biography

Hussen Faraj, Elmergib University

Department of Economics, Faculty of Economics and Commerce

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Published
2021-01-27
How to Cite
Hussen Faraj. (2021). Forecasting Inflation Rates in The Libyan Economy Using Exponential Smoothing Methods. Dirassat Journal Economic Issue, 12(1), 1-14. https://doi.org/10.5281/zenodo.4477216
Section
Articles