A Time Series Analysis Of Daily Exchange Rate Of U.s Dollar To Naira From 2016-2017 (recession Period)

80 pages ID: STS0096

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Project Details

DepartmentStatistic
TypeProject
Pages80
Reference StyleYES
FormatMS Word & PDF
Reference No.STS0096

Abstract

ABSTRACT  This project presents an empirical study of time series modeling and forecasting of the official daily Exchange rate of Nigeria Naira for US Dollar in terms of buying rate, central rate and selling rate, from the period of 1st January 2016 to 19th of May 2017 (recession period). In this view, Box Jenkins approach was applied for the modelling of naira/dollar daily exchange rate using ARIMA model. The results of the analysis show that the series became stationary after first differencing. Based on AIC and BIC selection criteria, the best model that explains the series was found to be…

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₦ 5,000 $(29)
Pages80
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