This report extends and revises Technical Report 76-1 which presents and describes the Historical Inflation Program, a computerized program generating historical inflation for the procurement of Army aircraft. The program can be updated monthly, is easily revised for changes in Bureau of Labor Statistics methods, and capable of handling data through the transition year, FY 7T. Output is expressed as monthly, quarterly, calendar year inflation indices (in Calendar year 1967 base) and inflation factors (in any Fiscal Year base). This report contains updated tables of inflation factors, expressed in a FY 76 base. These indices and factors provide a means of adjusting historical cost data for the procurement of Army aircraft to constant year dollars. New features added since the previous report include: computations for the Derivation of Revised Weighting Factors, detailed indices enabling the adjustment of historical Labor and Material costs separately, and the demonstration of the application of a Time Series Analysis technique known as Box-Jenkins Autoregressive Integrated Moving Average (ARIMA) models to the forecasting of inflation indices. (Author)


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    Title :

    Historical Inflation Program (A Computerized Program Generating Historical Inflation Indices for the Procurement of Army Aircraft)


    Contributors:
    R. W. Lilge (author)

    Publication date :

    1976


    Size :

    80 pages


    Type of media :

    Report


    Type of material :

    No indication


    Language :

    English