Mathematical Theory and Modeling
Regression Modeling of Gross Domestic Products
Abstract
This research work is structured towards modeling the GDP of Nigeria basing on the major sectors of economy (Agriculture, Manufacturing Sector, Trade and Services) with a view to determine the contribution of different Sectors of Economy to the Nigeria Economic Growth .The multivariate regression model is used to determine relationship between dependent variable and explanatory variables .Global validation Test is adopted to diagnose the autocorrelation and multicollinearity and the Studentized Breusch-Pagan test is applied to diagnose the presence of heteroscedasticity and its remedies which leading to building a predictive model.
DOI: 10.7176/MTM/14-1-03
Publication date: April 30th 2024
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ISSN (Paper)2224-5804 ISSN (Online)2225-0522
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