Research updates Authors > Amarnath Bose

Volume 7

Consistency Re-Evaluation in Analytic Hierarchy Process Based on Simulated Consistent Matrices

Consistency Re-Evaluation in Analytic Hierarchy Process Based on Simulated Consistent Matrices

Amarnath Bose

A new approach to re-evaluating consistency in the analytic hierarchy process (AHP) using simulated consistent matrices is presented. The proposed consistency evaluation method makes use of statistically significant deviations from the average consistency measure for the simulated matrices. This addresses most of the deficiencies of the conventional consistency ratio (CR) method. A pairwise comparison matrix (PCM) is adjudged inconsistent by the proposed method if its consistency measure exceeds the mode...

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Volume 3

Evaluation of the Inflation Forecasting Process of the Reserve Bank of India: A Text Analysis Approach

Evaluation of the Inflation Forecasting Process of the Reserve Bank of India: A Text Analysis Approach

Amrendra Pandey, Jagdish Shettigar , Amarnath Bose

This study attempts to evaluate the monetary policy of the Reserve Bank of India (RBI) based on an investigation of the policy statements. The analysis based on text mining of the central bank’s monetary policy statements seeks to unravel the information considered by the central bank and the processes followed in making its inflation forecasts. The findings indicate that although the RBI examined high-frequency economic indicators, its inflation forecasts have generally been off the mark. Specifically...

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