Time Series Analysis On Daily Egg Sales In Michael Okpara University Of Agriculture, Umudike Poultry Farm (2013-2014)

UKAIGWE CHINONYEREM .M | 68 pages (14020 words) | Projects

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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APA

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 Feb 01, 2023, 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

MLA 8th

.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 01 Feb. 2023.

MLA7

.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. 01 Feb. 2023. < 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 >.

Chicago

.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 01 Feb. 2023. 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

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