Current Forecast of Prime Rate

Units: Percent per Year, Average of Month.  Not Seasonally Adjusted.

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



Forecast Values for Prime Rate

DateForecast
Oct-174.25
Nov-174.26
Dec-174.38
Jan-184.34
Feb-184.3
Mar-184.37
Apr-184.32

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.