According to a dataset (which includes important financial and economic indicators for the Eurozone - 19 countries, transformed into growth rates - 17 years since the European Union was founded), i want to a) predict the inflation rate in a short term period (for the next 2 to 3 years), not only the average but also the entire distribution of the variable
b) to look at which factors can contribute to a satisfactory inflation forecast. The variable we are looking at (inflation) should be close to 2%.
Furthermore, at the first place c) our aim is to look at the predictive capacity of the model (not economic, only machine learning e.t.c.) in the first year and then enrich our dataset with the same variables for other countries as America etc.
Attached you fill find 1. the dataset available for the test of the model and 2. a scientific paper which does similar things but with economic models and which we want to follow as a central idea.
More requirements: I want the code to be flexible so that I can add as many variables as I want.