Polynomial Regression Analysis Of The Effect Of Narrow Money On Inflation:- Obewe Purabi I
ABSTRACT
This
work deals on Regression analysis of the effects of Narrow money on inflation.
The major objective is to determine the suitable model, explaining the
relationship between inflation and narrow money. To achieve this objective,
inflation and narrow money data were collected from the CBN website, from
(2009- 2011). Regression analysis method, T-test and ANOVA test were used in
the analysis of the data. Based on the analysis, it was found out that at the
start as inflation increases, narrow money increases. This continues until we
get to the peak where inflation and narrow money are at the same point.
Inflation begins to fall while narrow money increases just after the peak.
addition, the scatter plot indicated a polynomial relationship between
inflation rates and narrow money. Based on this Quadratic and Cubic models
where fitted, to the data and they were found out to be both significant at 5%
level of significance . . Using the minimum error percentage measure, the Cubic
model was found to be more appropriate than the Quadratic model for predicting
Inflation rates using Narrow money within the period (2009-2011).
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OBEWE, I (2024). Polynomial Regression Analysis Of The Effect Of Narrow Money On Inflation:- Obewe Purabi I. Mouau.afribary.org: Retrieved Sep 16, 2024, from https://repository.mouau.edu.ng/work/view/polynomial-regression-analysis-of-the-effect-of-narrow-money-on-inflation-obewe-purabi-i-7-2
IJEOMA, OBEWE. "Polynomial Regression Analysis Of The Effect Of Narrow Money On Inflation:- Obewe Purabi I" Mouau.afribary.org. Mouau.afribary.org, 09 Aug. 2024, https://repository.mouau.edu.ng/work/view/polynomial-regression-analysis-of-the-effect-of-narrow-money-on-inflation-obewe-purabi-i-7-2. Accessed 16 Sep. 2024.
IJEOMA, OBEWE. "Polynomial Regression Analysis Of The Effect Of Narrow Money On Inflation:- Obewe Purabi I". Mouau.afribary.org, Mouau.afribary.org, 09 Aug. 2024. Web. 16 Sep. 2024. < https://repository.mouau.edu.ng/work/view/polynomial-regression-analysis-of-the-effect-of-narrow-money-on-inflation-obewe-purabi-i-7-2 >.
IJEOMA, OBEWE. "Polynomial Regression Analysis Of The Effect Of Narrow Money On Inflation:- Obewe Purabi I" Mouau.afribary.org (2024). Accessed 16 Sep. 2024. https://repository.mouau.edu.ng/work/view/polynomial-regression-analysis-of-the-effect-of-narrow-money-on-inflation-obewe-purabi-i-7-2