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Salem, Muhammad Abdul; Salem, Sharia; Verdun, Networking PaperModeling and forecasting Pakistan\'s inflation by using time series ARIA models Economic Analysis Working Papers, No. 2007,1 Provided
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01
Collect historical data on Pakistan's economic indicators such as GDP, inflation rate, unemployment rate, etc.
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Clean and preprocess the data to remove any outliers or inconsistencies.
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Choose a suitable modeling technique such as time series analysis or regression analysis.
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Split the data into training and testing sets to evaluate the model's performance.
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Use the trained model to make forecasts for Pakistan's economic indicators.

Who needs modeling and forecasting pakistans?

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Government officials responsible for economic planning and policy making.
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Economists and researchers studying Pakistan's economy.
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Businesses operating in Pakistan looking to make informed decisions based on economic trends.
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Modeling and forecasting in the context of Pakistan refers to the process of creating representations and predictions about future economic, financial, or social conditions based on current data and trends.
Entities involved in economic planning, government agencies, corporations, and researchers are typically required to file modeling and forecasting reports in Pakistan.
To fill out modeling and forecasting reports, individuals should gather relevant data, utilize statistical methods for analysis, and follow the prescribed formats set by regulatory bodies in Pakistan.
The purpose of modeling and forecasting is to aid in decision-making, resource allocation, and policy formulation by providing insights into future trends and potential outcomes.
Reports should include historical data, assumptions, methodologies used for forecasting, and projected outcomes.
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