Time Series Analysis On Daily Egg Sales In Michael Okpara University Of Agriculture, Umudike Poultry Farm (2013-2014)
ABSTRACT
The aim of this work is to establish the time
ser.ies model to the egg sale data using Box and Jenkins method of analysis.
The daily sales of egg data for this work were secondary data collected from poultry·
section of Michael Okpara university of Agriculture Umudike, and cover the
period of March 2013 to march 2014. It was recorded on daily basis for 52weeks.
Box and Jenkins method of tme series analysis was employed as a tool for the
analysis. Based on f1e nature of the autocorrelation function (ACF) and partial
autocorrelation function (PACF) of the Non-differenced series, and first
differenced series suggested AR(2) and ARIMA(3,1,1) respectively. On carrying
out diagnostic checking of the models, It was observed that AR (2) and ARIMA
(3, I, 1) models was adequate for the data. However, the forecast error of
ARIMA (3,1, I) was lower than AR(2). This indicates that ARIMA (3,1,1) gives· a
reliable and dependable forecast for the daily egg sales data for Michael
okpara university of agriculture umudike.
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UKAIGWE, . (2022). Time Series Analysis On Daily Egg Sales In Michael Okpara University Of Agriculture, Umudike Poultry Farm (2013-2014). Repository.mouau.edu.ng: Retrieved Nov 23, 2024, from https://repository.mouau.edu.ng/work/view/time-series-analysis-on-daily-egg-sales-in-michael-okpara-university-of-agriculture-umudike-poultry-farm-2013-2014-7-2
.M, UKAIGWE. "Time Series Analysis On Daily Egg Sales In Michael Okpara University Of Agriculture, Umudike Poultry Farm (2013-2014)" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 28 Nov. 2022, https://repository.mouau.edu.ng/work/view/time-series-analysis-on-daily-egg-sales-in-michael-okpara-university-of-agriculture-umudike-poultry-farm-2013-2014-7-2. Accessed 23 Nov. 2024.
.M, UKAIGWE. "Time Series Analysis On Daily Egg Sales In Michael Okpara University Of Agriculture, Umudike Poultry Farm (2013-2014)". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 28 Nov. 2022. Web. 23 Nov. 2024. < https://repository.mouau.edu.ng/work/view/time-series-analysis-on-daily-egg-sales-in-michael-okpara-university-of-agriculture-umudike-poultry-farm-2013-2014-7-2 >.
.M, UKAIGWE. "Time Series Analysis On Daily Egg Sales In Michael Okpara University Of Agriculture, Umudike Poultry Farm (2013-2014)" Repository.mouau.edu.ng (2022). Accessed 23 Nov. 2024. https://repository.mouau.edu.ng/work/view/time-series-analysis-on-daily-egg-sales-in-michael-okpara-university-of-agriculture-umudike-poultry-farm-2013-2014-7-2