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235590

Predicting the Egyptian Consumer Price Index in Covid-19 Pandemic using Weighted Markov Chain

Article

Last updated: 24 Dec 2024

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Abstract

Abstract
Covid-19 is an infectious disease caused by acute respiratory syndrome coronavirus. It decreases the people's purchasing power. It also decreases country's economic development ingrowth indicates. Therefore- in Covid-19 Pandemic- predicting consumer price index occurs commonly referred to explain its effects on the Egyptian's economic development is very important. This study aimed to predict short-term trend of Egyptian consumer price index using weighted Markov Chain (WMC) in Covid-19 Pandemic taking the national consumer price index data from (feb2020) to -July 2021 as an example. A new weighting scheme to predict consumer price index under weighted Markov chain model was proposed. In predicting the consumer price index, the results obtained by researchers are: in Aug 2021 CPI =114.85 has a 79.15% chance and in Sep 2021 CPI = 116.785 has a 79.76% chance.
we can find that: of short-term trend of Egyptian consumer price index, the weighted Markov chain can effectively probabilities and forecast fluctuation ranges. Based on the results of the study

DOI

10.21608/jsst.2022.128900.1386

Keywords

Introduction, .Method of Markov process, application, Weighted Markov Chain (WMC)Abstract

Authors

First Name

مها

Last Name

توفيق

MiddleName

-

Affiliation

کلية التجارة جامعة طتطا

Email

maha.ibrahim@commerce.tanta.edu.eg

City

ينها

Orcid

-

Volume

23

Article Issue

2

Related Issue

32169

Issue Date

2022-04-01

Receive Date

2022-03-22

Publish Date

2022-04-01

Page Start

449

Page End

464

Print ISSN

2090-5327

Online ISSN

2682-3543

Link

https://jsst.journals.ekb.eg/article_235590.html

Detail API

https://jsst.journals.ekb.eg/service?article_code=235590

Order

13

Type

المقالة الأصلية

Type Code

1,048

Publication Type

Journal

Publication Title

مجلة البحوث المالية والتجارية

Publication Link

https://jsst.journals.ekb.eg/

MainTitle

Predicting the Egyptian Consumer Price Index in Covid-19 Pandemic using Weighted Markov Chain

Details

Type

Article

Created At

22 Jan 2023