Current Forecast of US Currency in Circulation

Units: Billion USD, Average of Month.  Not Seasonally Adjusted.

Solid Line = Actual Values.  Dashed Line = Predicted Values.



Forecast Values for US Currency in Circulation

DateForecast
Jan-181610.502
Feb-181615
Mar-181621
Apr-181627
May-181633
Jun-181639
Jul-181644

How This Forecast is Produced

The forecast of the indicator above is produced using Multichannel Singular Spectrum Analysis, or MSSA.

The forecast is made by using MSSA to decompose the time series into a trend component and many cyclical components.  The decomposed components of the time series are then projected forward in time.