Canonical Correlation of Multivariate Regression Analysis on Economic Factors in Nigeria
Asian Journal of Probability and Statistics · pp. 1–7 · Published 24 Aug 2021
10.9734/ajpas/2021/v14i330327Abstract
This research is on canonical correlation of multivariate regression analysis on economic factors in Nigeria. This study aim to analyze the effect of Nigerian macroeconomic factors and also to investigate the relationship between the factors for the period of 1985-2014. Four macroeconomic variables (economic factors) used in this research are Gross Domestic Product (GDP), Currency in Circulation (CIC), Foreign Trade and Inflation. Canonical correlation analysis under Multivariate regression was used for association between the variables. The result showed that there is a significant relationship between GDP and all the variables considered at (0.01) level of significant with the exception of inflation which showed negative and no significant relationship. However, the results also revealed that the economy of Nigeria is been affected by volume of economic factor returns.
Cited by 2
Dmitriy Petrov · Journal of Economics Management and Trade · 2022
Showing 1 of 2 known citations — external sources report more than can currently be individually listed.
Related research
- Nigeria Government’s Expenditure on Economic and Social Service Development: A Canonical Correlation Analysis Approach — shares topic coverage
- Assessing the Economic and Health Impacts of Greenhouse Gas Emissions: A Multivariate Analysis — shares topic coverage
- Deepfake Regulations and Their Impact on Content Creation in the Entertainment Industry — shares topic coverage
- Strengthening Compliance with Data Privacy Regulations in U.S. Healthcare Cybersecurity — shares topic coverage
Article metrics
Real usage data collected on this platform.
20
Page views
0
PDF downloads
1
Outbound clicks
2
Citations
Views over time
Views by country
Approximate, from request IP at view time — not citizenship or institution. Countries with fewer than 5 views are grouped as "Other".
Traffic sources
Referring site, by host.
Views and downloads exclude known bots/crawlers. Citations combines this platform's own DOI-resolved index with each external source's own reported total — see Cited by above for individually listed citing works. Last refreshed 0 seconds ago.