Time Series Analysis Of Total Monthly Revenue Generated From Ikwuano Local Government Area (2004-2010)

IHEANACHO CHINEMEREM CHINEDUM | 57 pages (7221 words) | Projects

ABSTRACT

Over the years, the Local Government Council takes direct care of the grassroots people that is people in the rural areas and has also contributed in the development of the area. This research work was carried out to developing a stationary time series model suitable for monthly revenue data of Ikwuano Local Government Area. The data for this work were secondary data collected from council's revenue service in Ikwuano L.G.A and covers the period January 2004 to December 2010. Box and Jenkins method of time series analysis were employed as a tool for analysis. Autocorrelation function and partial-autocorrelation function of the differenced series were used to identify a stationary model for the data i.e. ARIMA (111). MINITAB was used to estimate the parameters of the model developed. Diagnostics checking for model adequacy was carried out. Diagnostics checking showed that the residuals are white noise and the stationary model was adequate. Forecast values were generated for two years; the forecast values included l2months back forecast for year 2010 and l2months forecast for 2011. The forecast for year 2011 showed that revenue generated from Ikwuano L.G.A increases slightly from month to month

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APA

IHEANACHO, C (2021). Time Series Analysis Of Total Monthly Revenue Generated From Ikwuano Local Government Area (2004-2010). Mouau.afribary.org: Retrieved Dec 23, 2024, from https://repository.mouau.edu.ng/work/view/time-series-analysis-of-total-monthly-revenue-generated-from-ikwuano-local-government-area-2004-2010-7-2

MLA 8th

CHINEDUM, IHEANACHO. "Time Series Analysis Of Total Monthly Revenue Generated From Ikwuano Local Government Area (2004-2010)" Mouau.afribary.org. Mouau.afribary.org, 08 Nov. 2021, https://repository.mouau.edu.ng/work/view/time-series-analysis-of-total-monthly-revenue-generated-from-ikwuano-local-government-area-2004-2010-7-2. Accessed 23 Dec. 2024.

MLA7

CHINEDUM, IHEANACHO. "Time Series Analysis Of Total Monthly Revenue Generated From Ikwuano Local Government Area (2004-2010)". Mouau.afribary.org, Mouau.afribary.org, 08 Nov. 2021. Web. 23 Dec. 2024. < https://repository.mouau.edu.ng/work/view/time-series-analysis-of-total-monthly-revenue-generated-from-ikwuano-local-government-area-2004-2010-7-2 >.

Chicago

CHINEDUM, IHEANACHO. "Time Series Analysis Of Total Monthly Revenue Generated From Ikwuano Local Government Area (2004-2010)" Mouau.afribary.org (2021). Accessed 23 Dec. 2024. https://repository.mouau.edu.ng/work/view/time-series-analysis-of-total-monthly-revenue-generated-from-ikwuano-local-government-area-2004-2010-7-2

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