To Construct A Mathematical Model Which Could Be Used To Produce Dependable Forecast Of The Currency In Circulation In Nigeria By The Federal Government By The Central Bank Of Nigeria.
ABSTRACT
The circulation of
currency in Nigeria today is caused by the exchange of goods and services by
individual or group of individuals in the society. The aims objectives of this
study is to construct a mathematical model that could be used to predict
reliable and dependable total amount of currency in circulation in Nigeria. The
study estimated and isolated the components of time series existing in the
data. The isolation was done using the addition and multiplicative models. The
data for the study was collected from the CBN annual report statement of
account for year en(led December 2003 and cover the period 1998 — 2003 on
monthly basis. Time series analysis was applied to estimate and isolate the
components of the multiplicative and additive models, the multiplicative
provided a better forecast th the additive model.
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MPAMUGO, C (2021). To Construct A Mathematical Model Which Could Be Used To Produce Dependable Forecast Of The Currency In Circulation In Nigeria By The Federal Government By The Central Bank Of Nigeria.. Repository.mouau.edu.ng: Retrieved Apr 20, 2024, from https://repository.mouau.edu.ng/work/view/to-construct-a-mathematical-model-which-could-be-used-to-produce-dependable-forecast-of-the-currency-in-circulation-in-nigeria-by-the-federal-government-by-the-central-bank-of-nigeria-7-2
C, MPAMUGO. "To Construct A Mathematical Model Which Could Be Used To Produce Dependable Forecast Of The Currency In Circulation In Nigeria By The Federal Government By The Central Bank Of Nigeria." Repository.mouau.edu.ng. Repository.mouau.edu.ng, 11 Nov. 2021, https://repository.mouau.edu.ng/work/view/to-construct-a-mathematical-model-which-could-be-used-to-produce-dependable-forecast-of-the-currency-in-circulation-in-nigeria-by-the-federal-government-by-the-central-bank-of-nigeria-7-2. Accessed 20 Apr. 2024.
C, MPAMUGO. "To Construct A Mathematical Model Which Could Be Used To Produce Dependable Forecast Of The Currency In Circulation In Nigeria By The Federal Government By The Central Bank Of Nigeria.". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 11 Nov. 2021. Web. 20 Apr. 2024. < https://repository.mouau.edu.ng/work/view/to-construct-a-mathematical-model-which-could-be-used-to-produce-dependable-forecast-of-the-currency-in-circulation-in-nigeria-by-the-federal-government-by-the-central-bank-of-nigeria-7-2 >.
C, MPAMUGO. "To Construct A Mathematical Model Which Could Be Used To Produce Dependable Forecast Of The Currency In Circulation In Nigeria By The Federal Government By The Central Bank Of Nigeria." Repository.mouau.edu.ng (2021). Accessed 20 Apr. 2024. https://repository.mouau.edu.ng/work/view/to-construct-a-mathematical-model-which-could-be-used-to-produce-dependable-forecast-of-the-currency-in-circulation-in-nigeria-by-the-federal-government-by-the-central-bank-of-nigeria-7-2