Box And Jenkins Approach To Forecasting Quarterly Rates Of Inflation In Nigeria [1990 -2009]:- Ehighibe, Sampson E.
ABSTRACT
The main aim of this study is to
construct a time series model that could be used to predict reliable future
values ofrates of inflation in Nigeria. The data for this work of statistics
2009), statistical Bulletin and publication of central Bank of Nigeria (CBN)
and covers a period of 1990 to 2009. The data were collected in quarterly. Box and
Jenkins method of analysis was used in the analysis of quarterly rates of
inflation data. Autocorrelation function and partial Autocorrelation function
of the original scries were used to obtain a time - series model
(Autoregressive process of order one (AR(d )). Minitab statistical software
parameters of the model developed. Diagnostics checking and (chi-square) test
while noise. Hence, the model (AR(|>) was identified to be adequate and
fitted. Forecasted values were generated for a period of eight (8) quarters,
which indicates that the rates of inflation will continue to increase, mostly
in the fourth quarters of against this ugly trend of inflation in our society
were made.
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EHIGHIBE, E (2024). Box And Jenkins Approach To Forecasting Quarterly Rates Of Inflation In Nigeria [1990 -2009]:- Ehighibe, Sampson E.. Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/box-and-jenkins-approach-to-forecasting-quarterly-rates-of-inflation-in-nigeria-%5B1990-2009%5D-ehighibe-sampson-e-7-2
ENYINNAYA, EHIGHIBE. "Box And Jenkins Approach To Forecasting Quarterly Rates Of Inflation In Nigeria [1990 -2009]:- Ehighibe, Sampson E." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 20 Feb. 2024, https://repository.mouau.edu.ng/work/view/box-and-jenkins-approach-to-forecasting-quarterly-rates-of-inflation-in-nigeria-%5B1990-2009%5D-ehighibe-sampson-e-7-2. Accessed 23 Nov. 2024.
ENYINNAYA, EHIGHIBE. "Box And Jenkins Approach To Forecasting Quarterly Rates Of Inflation In Nigeria [1990 -2009]:- Ehighibe, Sampson E.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 20 Feb. 2024. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/box-and-jenkins-approach-to-forecasting-quarterly-rates-of-inflation-in-nigeria-%5B1990-2009%5D-ehighibe-sampson-e-7-2 >.
ENYINNAYA, EHIGHIBE. "Box And Jenkins Approach To Forecasting Quarterly Rates Of Inflation In Nigeria [1990 -2009]:- Ehighibe, Sampson E." Repository.mouau.edu.ng (2024). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/box-and-jenkins-approach-to-forecasting-quarterly-rates-of-inflation-in-nigeria-%5B1990-2009%5D-ehighibe-sampson-e-7-2