Modelling Inflation Uncertainty with Structural Breaks Case of Turkey (1994–2013)

<table class="table-group" id="tab8"><tr><td><table class="table"><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr class="thead"><td align="left">Method</td><td align="center"><svg height="9.04777pt" id="M156" style="vertical-align:-0.04981995pt" version="1.1" viewbox="-0.0498162 -8.99795 8.35422 9.04777" width="8.35422pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.0135,0,0,-0.0135,0,0)"><path d="M584 650H137L131 622C214 614 217 612 200 521L125 127C109 41 101 35 23 28L17 0H288L294 28C201 35 193 42 209 128L242 309H348C440 309 442 300 443 226H471L510 422H482C452 354 449 348 357 348H251L295 575C302 609 304 615 338 615H426C502 615 517 604 526 581C534 560 536 524 537 492L565 494C574 554 583 631 584 650Z" id="g113-71"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="607" vert-adv-y="607"></glyph.data></g></svg>-statistics</td><td align="center">Obs. *  <svg height="9.21094pt" id="M157" style="vertical-align:-0.2129908pt" version="1.1" viewbox="-0.0498162 -8.99795 8.62618 9.21094" width="8.62618pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.0135,0,0,-0.0135,0,0)"><path d="M610 18C585 26 567 34 540 68C517 97 499 128 476 171C452 215 425 276 413 304C496 332 570 394 570 494C570 555 545 595 509 619S419 650 364 650H139L133 622C216 615 219 612 203 527L129 132C112 40 105 36 23 28L17 0H279L285 28C199 34 194 40 211 132L239 284H284C320 284 334 275 351 236C374 182 394 140 420 93C459 23 495 -1 592 -8H600L610 18ZM480 485C480 424 449 372 403 342C374 323 338 316 293 316H245L291 562C296 589 301 601 311 608S337 618 358 618C432 618 480 575 480 485Z" id="g113-83"></path><glyph.data ascent="3473" descent="-2876" horiz-adv-x="627" vert-adv-y="627"></glyph.data></g></svg>-square</td></tr><tr><td class="thead-hr" colspan="3"><hr/></td></tr><tr><td align="left">Breusch-Pagan-Godfrey</td><td align="center">2.647475 (0.0045)</td><td align="center">24.83254 (0.0057)</td></tr><tr><td align="left">ARCH(1)*</td><td align="center">33.88254 (0.0000)</td><td align="center">29.80427 (0.0000)</td></tr><tr class="table-tr"><td colspan="3"><hr class="tbody-hr"/></td></tr></table></td></tr><tr class="table-fn"><td><svg height="10.5763pt" id="M158" style="vertical-align:-0.04990005pt" version="1.1" viewbox="-0.0498162 -10.5264 6.41401 10.5763" width="6.41401pt" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"><g transform="matrix(.0095,0,0,-0.0095,0,-5.984)"><path d="M486 158C486 177 478 202 466 220C413 228 386 236 336 262C386 288 413 297 466 304C478 323 486 347 485 366C470 376 444 381 422 380C389 338 368 319 321 288C323 345 329 372 349 422C339 442 322 461 305 470C289 461 271 442 262 422C281 372 287 345 290 288C243 319 222 338 189 380C167 381 142 376 125 366C125 347 133 322 145 304C198 296 225 288 275 262C225 236 198 227 145 220C133 201 125 177 126 158C141 148 167 143 189 144C222 186 243 205 290 236C288 179 282 152 262 102C272 82 289 63 306 54C322 63 340 82 350 102C330 152 324 179 321 236C368 205 390 186 422 144C444 143 470 148 486 158Z" id="g50-43"></path><glyph.data ascent="3443" descent="-2856" horiz-adv-x="611" vert-adv-y="611"></glyph.data></g></svg>The number of lags was determined using AIC criterion.<br/></td></tr></table>

Heteroskedasticity test results of the squared residuals of the mean equation with structural break for.

Mathematical Problems in Engineering

tab8

Table 8

Table 8: Modelling Inflation Uncertainty with Structural Breaks Case of Turkey (1994–2013) 