Time Series Analysis On The External Reserves Of The Central Bank Of Nigeria (2001-2010).

Authors: ANYAJI, INNOCENT IKECHUKWU C. | Natural & Applied Sciences Mathematics Projects 49 pages 6,859 words

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ABSTRACT

The data collected for this analysis is made up of the monthly values of the 'a External Reserve of the Central Bank of Nigeria from January 2001 to December 2010. In this study, a time series model for the performance of the External Reserve was generated (constructed). The constructed model is the Autoregressive Integrated Moving Average (ARIMA) class of model. A statistical software package MINITAB was used to plot the estimate of ACF and PACF of the original data, differenced series and residual and fit the model. From the estimate of the ACF and PACF over the period often year an ARIMA (3, 1,1) model was fitted

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