The quarterly gross domestic product implicit price deflator is often used as a measure of inflation. The file q-gdpdef.dat contains the data for the United States from the first quarter of 1947 to the first quarter of 2004. Data format is year, month, and deflator. The data are seasonally adjusted and equal to 100 for year 2000. Build an ARIMA model for the series and check the validity of the fitted model. The data are obtained from the Federal Reserve Bank of St.

Louis.