Time Series Analysis Of Non-Oil Export Trade Of Nigeria (2001-2005)
ABSTRACT
This work studies the non-oil export trade between the years
2001-2005. The ultimate objectives of this work was to construct a mathematical
models that could be used to predict a dependable future non-oil export trade.
The data for the study was collected from the Na0onal Bureau of statistics. It
is a 5 years data, recorded monthly. Some assumptions were made about the data
after conducting with appreciate tests showed that it is normal and has a
constant variance but is not randomly distributed. After decomposing the data
and plotting, the corresponding graphs, the graph of the seasonal component
showed that the non-oil export trade has its highest value on the month of
August which suggests that August may be the best season for the export. I used
simple descriptive analysis to analyze the data and multiplicative model to
decompose the components and after which the forecast of the year 2005 was
obtain and the error of the forecast was seen to be 0.3987.
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MICHAEL, U (2021). Time Series Analysis Of Non-Oil Export Trade Of Nigeria (2001-2005). Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/time-series-analysis-of-non-oil-export-trade-of-nigeria-2001-2005-7-2
UNIVERSITY, MICHAEL. "Time Series Analysis Of Non-Oil Export Trade Of Nigeria (2001-2005)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 16 Jul. 2021, https://repository.mouau.edu.ng/work/view/time-series-analysis-of-non-oil-export-trade-of-nigeria-2001-2005-7-2. Accessed 23 Nov. 2024.
UNIVERSITY, MICHAEL. "Time Series Analysis Of Non-Oil Export Trade Of Nigeria (2001-2005)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 16 Jul. 2021. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/time-series-analysis-of-non-oil-export-trade-of-nigeria-2001-2005-7-2 >.
UNIVERSITY, MICHAEL. "Time Series Analysis Of Non-Oil Export Trade Of Nigeria (2001-2005)" Repository.mouau.edu.ng (2021). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/time-series-analysis-of-non-oil-export-trade-of-nigeria-2001-2005-7-2