Time Series Analysis of Real Effective Exchange Rate
Abstract
This paper analyses the trendand seasonal variation of real effective exchange rate (REER) with an objectiveof building a model for predicting the exchangerate. Classical decomposition of the timeseries data of monthly export and trade basedREER from January 2011 to August 2015 has been performed. The trend and seasonalcomponents have been studied. The results show that the trend and seasonal effectare attributed only to chance (random) andnot by a systematic factor like a trend or a seasonal change.Keywords: Exchangerate, Trend Analysis, Seasonal variation, Classical Decomposition.
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ISSN (Paper)2222-1697 ISSN (Online)2222-2847
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