Estimating the Consumer Price Index using the lognormal diffusion process with exogenous factors: The Colombian case

In this paper, a model based on the lognormal diffusion process with exogenous factors was considered, aiming to describe the dynamics of the basic Consumer Price Index (CPI) in Colombia. To this end, a Bayesian procedure was employed for the selection of factors using real data from different econo...

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Bibliographic Details
Main Authors: Antonio Barrera, Arnold de la Peña Cuao, Juan José Serrano-Pérez, Francisco Torres-Ruiz
Format: Article
Language:English
Published: AIMS Press 2025-02-01
Series:AIMS Mathematics
Subjects:
Online Access:https://www.aimspress.com/article/doi/10.3934/math.2025155
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