Trend Analysis Of Crude Oil Exportation In Nigeria And Its Effect On Naira-Dollar Exchange Rate
ABSTRACT
This work studies the
trend of crude oil exportation in I Nigeria, from January 1996 through December
2000, and how it affects the naira-dollar exchange rate. There are two basic
objectives of this study: Firstly, to design a mathematical model that could be
used to predict future crude oil exports in the next twelve-month period.
Secondly, to Investigate the existence of a relationship between crude oll
exports and the nalra-dollar exchange rate. A model will also be developed for
estimating future exchange rates, should a relation exist. The methods of
simple descriptive time series analysis (using the multiplicative model) and
simple correlation analysis were employed. The former was used to analyse the
exportation trend, while the later was used to Investigate Its relationship
with the naira-dollar exchange rate. The time series analysis revealed a
curvilinear trend In crude oil exports, and the absence of any seasonal
variation. The correlation analysis, however, affirmed that no relationship
exists between crude oil exports and exchange rates. The trend was used to
forecast future export values for 2001.
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MBAH, C (2022). Trend Analysis Of Crude Oil Exportation In Nigeria And Its Effect On Naira-Dollar Exchange Rate. Repository.mouau.edu.ng: Retrieved Apr 25, 2024, from https://repository.mouau.edu.ng/work/view/trend-analysis-of-crude-oil-exportation-in-nigeria-and-its-effect-on-naira-dollar-exchange-rate-7-2
C., MBAH. "Trend Analysis Of Crude Oil Exportation In Nigeria And Its Effect On Naira-Dollar Exchange Rate" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 05 Dec. 2022, https://repository.mouau.edu.ng/work/view/trend-analysis-of-crude-oil-exportation-in-nigeria-and-its-effect-on-naira-dollar-exchange-rate-7-2. Accessed 25 Apr. 2024.
C., MBAH. "Trend Analysis Of Crude Oil Exportation In Nigeria And Its Effect On Naira-Dollar Exchange Rate". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 05 Dec. 2022. Web. 25 Apr. 2024. < https://repository.mouau.edu.ng/work/view/trend-analysis-of-crude-oil-exportation-in-nigeria-and-its-effect-on-naira-dollar-exchange-rate-7-2 >.
C., MBAH. "Trend Analysis Of Crude Oil Exportation In Nigeria And Its Effect On Naira-Dollar Exchange Rate" Repository.mouau.edu.ng (2022). Accessed 25 Apr. 2024. https://repository.mouau.edu.ng/work/view/trend-analysis-of-crude-oil-exportation-in-nigeria-and-its-effect-on-naira-dollar-exchange-rate-7-2