Time Series Analysis Of Foreign Exchange Rate Of Nigerian Naira To Us Dollars

UMEH FRANCISCA EBERE | 53 pages (8693 words) | Projects

ABSTRACT

 This research aims at estimating an appropriate time series model for forecasting the Naira to US dollar exchange rate. The data for this research which was gotten from the statistical bulletin is a monthly data of exchange rate covering the period of 2000-2014. The Box-Jenkins approach for modelling time series data which involves model identification, estimation diagnosis and forecast was adopted . 4 ARIMA (1,1,1) was estimated and diagnosed to be a good model as there was no significant cut of at any point in both the ACF and PACF of the residua1. The study shows an upward movement of the exchange rate which symbolizes a depreciation of the Nigeria currency compared to that of the US dollar. Finally, the model was used to make future forecast.

Overall Rating

0.0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

UMEH, E (2022). Time Series Analysis Of Foreign Exchange Rate Of Nigerian Naira To Us Dollars. Repository.mouau.edu.ng: Retrieved Feb 25, 2024, from https://repository.mouau.edu.ng/work/view/time-series-analysis-of-foreign-exchange-rate-of-nigerian-naira-to-us-dollars-7-2

MLA 8th

EBERE, UMEH. "Time Series Analysis Of Foreign Exchange Rate Of Nigerian Naira To Us Dollars" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Dec. 2022, https://repository.mouau.edu.ng/work/view/time-series-analysis-of-foreign-exchange-rate-of-nigerian-naira-to-us-dollars-7-2. Accessed 25 Feb. 2024.

MLA7

EBERE, UMEH. "Time Series Analysis Of Foreign Exchange Rate Of Nigerian Naira To Us Dollars". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Dec. 2022. Web. 25 Feb. 2024. < https://repository.mouau.edu.ng/work/view/time-series-analysis-of-foreign-exchange-rate-of-nigerian-naira-to-us-dollars-7-2 >.

Chicago

EBERE, UMEH. "Time Series Analysis Of Foreign Exchange Rate Of Nigerian Naira To Us Dollars" Repository.mouau.edu.ng (2022). Accessed 25 Feb. 2024. https://repository.mouau.edu.ng/work/view/time-series-analysis-of-foreign-exchange-rate-of-nigerian-naira-to-us-dollars-7-2

Related Works
Please wait...