The Analytics and Modelling Division of NIC recently carried out a study to forecast, on a monthly basis, the industrial growth rate for the current financial year.
The forecast will be of immense help to various industrial policy makers and planners in the Government.
The methodology of Univariate Auto Regressive Integrated Moving Average (UBI-ARIMA), based on the monthly time series data on IPP released by CSO (up to September, 1992), will be adopted for the purpose.