The consumer price index prediction using machine learning approaches: Evidence from the United States.

The consumer price index (CPI) is one of the most important macroeconomic indicators for determining inflation, and accurate predictions of CPI changes are important for a country's economic development. This study uses multivariate linear regression (MLR), support vector regression (SVR), autoregressive distributed lag (ARDL), and multivariate adaptive regression splines (MARS) to predict the CPI of the United States. Data from January 2017 to February 2022 were randomly selected and divided into two stages: 80 % for training and 20% for testing.