Short-term qualitative forecasting of inflation trends in the Eurasian Economic Union based on Elliott Wave Dynamics

Amidst high volatility of modern macrosystems' dynamic parameters, short-term forecasting tools are of particular value. The article shows the applicability of the Elliott Wave Dynamics toolkit to the tasks of qualitative forecasting of monthly consumer price indices. The study is based on the materials of the Eurasian Economic Union. The results confirm the possibility of applying the principles of wave dynamics to solve problems of this kind.FundingThe research was carried out within the framework of the project "Building Approaches to Inflation Modelling in the Member States of the Eurasian Economic Union", supported by the Eurasian Economic Commission.

short-term forecasting, consumer price index, Elliott Wave Dynamics, Eurasian Economic Union countries