Akinbo, R.Y and Adeboye, Nurain Olawale and Akinde, M. A (2013) STATISTICAL ANALYSIS OF INFLATION RATES IN NIGERIAN ECONOMY. Journal of Business and Educational Policies, 9 (1). pp. 196-203. ISSN 0794-3210
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Abstract
This paper aims at examining the concept of inflation, its causes and impact on the Nigerian Economy. The paper employs the techniques of Least squares and Quadratic model in estimating the future inflation rates, as well as investigating the nature of trends and seasonal effect on the inflationary trend of Nigeria. The trend was found to be persistently upward based on the estimating prowess of the two techniques and the inflationary rate was found not to be affected by seasonal variation. The forecasted inflation figures after decomposition, detrended and seasonally adjusted the 120 months data give an average upward inflation trend of 77.6%.
| Item Type: | Article |
|---|---|
| Subjects: | Q Science > Q Science (General) Q Science > QA Mathematics |
| Divisions: | Faculty of Engineering, Science and Mathematics > School of Mathematics |
| Depositing User: | Mr Taiwo Egbeyemi |
| Date Deposited: | 13 Jul 2020 11:15 |
| Last Modified: | 13 Jul 2020 11:15 |
| URI: | http://eprints.federalpolyilaro.edu.ng/id/eprint/996 |
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