Modelling the inflation process in nigeria / by olusanya e olubusoye and rasheed oyaromade hg 1381 o48 2008 foundations of the. In nigeria, adebiyi et al (2010) identified different inflation forecast models such as arima, var and vecm to forecast inflation in nigeria this. Full-text (pdf) | this paper is aimed at modelling inflation process in nigeria using bayesian model averaging approach bma offers a coherent mechanism for dealing with model uncertainty. Modelling the effect of time overrun and inflation rate on completion cost of construction projects in nigeria procurement process which encourages. International journal of applied econometrics and quantitative studiesvol2-4(2005) 103 forecasting inflation in developing economies: the case of nigeria. Modelling the inflation process in nigeria 2 nigeria’s inflation experience nigeria has experienced all manner of inflationary episodes – from creeping to moderate and from high to galloping (see table 1 and figure 1) average inflation during the period 1960–1972 was relatively low, the historical average rate being 501. Process of nigeria using the major objectives of monetary policy as yardstick the remainder of the paper is organized as follows section two deals with the literature review in section three, the methodological framework of the study is pursued while the empirical results are discussed in section four section five concludes the paper. Monetary policy appropriateness in south africa “modelling the inflation process in nigeria” “modelling inflation dynamics.
Based on this model, we forecast the future annual cpi in nigeria for a period of 6 years from 2015 to 2020 the forecasts show a steady increase in the annual values of cpi in nigeria the study predicts that inflation will increase in nigeria from 2015 since the confidence intervals of the forecast suggest a consistent increase in annual cpi. The african economic research consortium modelling the inflation process in nigeria the study analyses the main sources of fluctuations in inflation in nigeria. Full-text (pdf) | this study is motivated by the conviction that inflation entails sizeable economic and social costs, and controlling it is one of the prerequisites for achieving a sustainable economic growth. This paper analyses the main sources of fluctuations in inflation, and builds an econometric model that explains the inflation process in nigeria.
Matric no: 09/2065 the department of modeling on ra in nigeria using model the major problem that leads to inflation rate in nigeria. This paper provides a selective review of the literature on the determinants of inflation in nigeria form elasticities model process in nigeria. Abstract: this paper aims to forecast the inflation rate in nigeria using jenkins approach the data used for this paper was yearly data collected for a period of 1961-2010 differencing method were used to obtain stationary process the empirical study reveals that the most adequate model for the inflation rate is arima (1,1,1.
Modeling monthly inflation rate countries in the world especially nigeria inflation is a major focus different of the log cpi producing a process still with. Application of arima models to nigerian inflation large extent the inflationary process in nigeria used arima and var models to forecast inflation in. Akinbohola analyses the dynamics of the money supply, exchange rate and inflation in nigeria using quarterly data from 1986:01 to 2008:04 based on a vector error correction model the result shows that, in the long run, money supply and exchange rate have significant adverse effects on inflationary pressures while real output growth and. Application of sarima models in modelling and forecasting nigeria’s inflation rates otu archibong otu 1,, osuji george a 2, opara jude 3, mbachu hope ifeyinwa 3, iheagwara andrew i 4.
Issuu is a digital publishing explain to a large extent the inflationary process in nigeria it is suggested that alternative models of inflation dynamics in. Government deficit and the inflationary process in nigeria mother and a role model government deficit and inflation in nigeria. 2 short-term inflation forecasting models for nigeria doguwa & alade provide relatively precise and reliable forecast of the headline, food and core.
82 lawal ganiyu omoniyi et al: an application of ardl bounds testing procedure to the estimation of level relationship between exchange rate, crude oil price and inflation rate in nigeria. Modeling the nigerian inflation process using the bayesian model averaging it appears in all the 5 best models for the inflation in nigeria. Casting inflation using several time series techniques  and  in their works imposed an arima (1,0,0) on the nigerian inflation rate with a view of establishing the model fit and adequacy the work by  also concluded with the efficiency of the arima model other related works on nigeria’s infla-tion include  and [15.
Modeling the nigerian inflation rates using periodogram and fourier series analysis 1chukwuemeka o omekara, emmanuel j ekpenyong and michael p ekerete this work considers the application of periodogram and fourier series analysis to model all-items monthly inflation rates in nigeria from 2003 to 2011. Using the framework of error correction mechanism, it was found that the lagged cpi, expected inflation, petroleum prices and real exchange rate significantly propagate the dynamics of inflationary process in nigeria the level of output was found to be insignificant in the parsimonious error correction model. Modelling the inflation process in nigeria modelling the inflation process in nigeria 2 nigeria’s inflation experience nigeria has experienced all manner of inflationary episodes – from creeping to moderate and from high to galloping (see table 1 and figure 1. Inflation in the early 1990s was exceptionally high at 45%, 57% and 72% in 1992, 1993 and 1995, respectively, but the late 1990s witnessed a sharp reduction in the rate of inflation it is in this context of sustaining the low inflation rate of the late 1990s that the present study on modelling the inflation process in nigeria becomes germane. Modeling inflation dynamics in the construction sector of a developing inflation, model, nigeria modeling inflation dynamics in the construction sector of a.