Current Forecast of Commodity Price Index
Units: Price Index Values, 2010=100. Not Seasonally Adjusted.
Solid Line = Actual Values. Dashed Line = Predicted Values.
Forecast Values for Commodity Price Index
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.
World Bank Commodity Price Index
The World Bank commodity price index is an average of sub-indexes for energy, agriculture, fertilizer, raw materials, base metals, minerals, and precious metals. The index is set at an average of 100 for the year 2010.