Multiple Linear Regression Of Gross Domestic Product (Gdp) On Some Selected Macroeconomic Variables In Nigeria:- Mbadinauwa Adanma M
ABSTRACT
This
study examined the relationship between Gross Domestic Product (GDP) and some
selected macroeconomic variables (Foreign Direct Investment (FDI), inflation
rate, Government consumption. Government expenditure and net exports) in
Nigeria using multiple linear regression analysis. Data used for this study
were sourced from CIA annual reports and statistical bulletin. The data spanned
a period of 30 years (1981- 2010).The study revealed that there is a positive
relationship between Gross Domestic Product (GDP) and each of these macroeconomic
variables; Foreign Direct Investment (FDI), Government consumption, Government
expenditure and net exports while inflation rate was found to have a negative
impact on Gross Domestic Product (GDP). The value of co-efficient of
determination (R) is 92.8%, showing that only 92.8% change in GDP has been
explained by Foreign Direct Investment (FDI), inflation rate, Government
consumption, Government expenditure and net export while the remaining 7.2% is
unexplained by the model. The fitted multiple regression model was found to be
adequate based on a high value of coefficient of determination (92.8%).
Analyses of the residuals from the fitted model equally confirmed the adequacy
of the model.
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MBADINAUWA, M (2024). Multiple Linear Regression Of Gross Domestic Product (Gdp) On Some Selected Macroeconomic Variables In Nigeria:- Mbadinauwa Adanma M. Repository.mouau.edu.ng: Retrieved Dec 21, 2024, from https://repository.mouau.edu.ng/work/view/multiple-linear-regression-of-gross-domestic-product-gdp-on-some-selected-macroeconomic-variables-in-nigeria-mbadinauwa-adanma-m-7-2
MABEL, MBADINAUWA. "Multiple Linear Regression Of Gross Domestic Product (Gdp) On Some Selected Macroeconomic Variables In Nigeria:- Mbadinauwa Adanma M" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 09 Dec. 2024, https://repository.mouau.edu.ng/work/view/multiple-linear-regression-of-gross-domestic-product-gdp-on-some-selected-macroeconomic-variables-in-nigeria-mbadinauwa-adanma-m-7-2. Accessed 21 Dec. 2024.
MABEL, MBADINAUWA. "Multiple Linear Regression Of Gross Domestic Product (Gdp) On Some Selected Macroeconomic Variables In Nigeria:- Mbadinauwa Adanma M". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 09 Dec. 2024. Web. 21 Dec. 2024. < https://repository.mouau.edu.ng/work/view/multiple-linear-regression-of-gross-domestic-product-gdp-on-some-selected-macroeconomic-variables-in-nigeria-mbadinauwa-adanma-m-7-2 >.
MABEL, MBADINAUWA. "Multiple Linear Regression Of Gross Domestic Product (Gdp) On Some Selected Macroeconomic Variables In Nigeria:- Mbadinauwa Adanma M" Repository.mouau.edu.ng (2024). Accessed 21 Dec. 2024. https://repository.mouau.edu.ng/work/view/multiple-linear-regression-of-gross-domestic-product-gdp-on-some-selected-macroeconomic-variables-in-nigeria-mbadinauwa-adanma-m-7-2