Regression Analysis On The Sectorial Contributions To The Development Of Nigerian Economy

ABSTRACT

The research work examined "The Regression Analysis on the Sectorial Contributions to the Development of Nigerian Economy" within period of 2002-20 12, using multiple regression analysis and ordinary least square method (O.L.S) estimation techniques, to show the contribution of the various sectors. The test for normality, linearity, homoscaedascity and other test were adopted to show that the assumption of the classical normal linear regression model (CNLRM) is satisfied. Based on the findings, the study suggests that a unit increase in agriculture, industry and service will yield an average increase of 0.8, 1.4 and 2.46 respectively. It also suggests that all the parameters are significant in the model. R2was used to determine the correlation coefficient.