08168958821
FORECAST OF EXCHANGE RATE DETERMINANTS IN NIGERIA
Sold By: Joe Project Store | Item Type: Project Material | Report this? | Attributes: 75 pages | 1-5 chapters | Amount: ₦5,000 | Marked useful: 5,365 times
Delivery: Within 24 hoursFORECAST OF EXCHANGE RATE DETERMINANTS IN NIGERIA
ABSTRACT
It has been noted that the Nigeria economy has gone through series of transformation since independence. Her exchange rate determination has taken various shapes from administratively deformed rate to a market determined rate. These have also be associated with deficient problems. As a result of these problems, the government through the help of the CBN (Central Bank of Nigeria) tries to regulate the exchange rate system. The adoption of Structural Adjustment Programme (SAP), where main element was Second-tier Foreign Exchange Market.
The hypotheses of this study indicate that there is a significant positive relationship between Exchange Rate, Interest Rate, External Reserve and Inflation and there is a negative relationship between exchange rate, Gross Domestic Product and Balance of Payment. To validate this hypothesis data gotten from secondary sources were estimated and analyzed among the Ordinary Least Square Method (OLS) and Cochrane-Orcutt Method. The independent variables used were balance of payment, Gross Domestic Product, Interest Rate, External Reserve and Inflation, while the dependable variable was exchange rate. There was also a drive towards forecasting exchange rate.
The empirical analysis showed that about 87% of the mean value of the exchange rate is explained by the explanatory variables. This shows that the estimated model regression line is a good fit and the result of the null hypothesis for the forecast was less than the figure of the “t†take, which means it forecast well.
This material content is developed to serve as a GUIDE for students to conduct academic research
Delivery: Within 24 hours
Advertise Here
Not what you were looking for? Perform a search
What's your project topic?
Comment on Facebook:
Related Project Materials
- 1.
EFFECT OF INFLATION ON SOCIOECONOMIC STATUS OF HOUSEHOLD IN NIGERIA
CHAPTER ONE INTRODUCTION Background of the Study Globally, high inflation continues to be a significant unresolved matter. It is a prominent concer...More »
Item Type: Project Material | 54 pages | 1,402 engagements |
- 2.
AN ASSESSMENT INTO THE EFFECT OF FEDERAL STUDENT LOAN DEFAULT RATES: IMPLICATION FOR THE NIGERIAN EC...
CHAPTER ONE INTRODUCTION Background of the study The higher education system in Nigeria has seen significant growth in recent decades, with a risin...More »
Item Type: Project Material | 54 pages | 1,171 engagements |
- 3.
AN EXAMINATION OF THE CAUSES AND EFFECTS OF ECONOMIC MELTDOWN IN NIGERIA (AN ASSESSMENT OF TINUBU AD...
CHAPTER ONE INTRODUCTION Background of the Study Economic meltdown, sometimes known as an economic crisis, can be described as a state of economic slo...More »
Item Type: Project Material | 54 pages | 1,606 engagements |
- 4.
AN EXAMINATION OF THE EFFECTS OF ECONOMIC STAGNATION ON NIGERIA ECONOMIC GROWTH AND DEVELOPMENT (A C...
CHAPTER ONE INTRODUCTION Background of the Study It is well acknowledged by all citizens that Nigeria and other countries are currently experiencing a...More »
Item Type: Project Material | 54 pages | 1,396 engagements |
- 5.
AN IN-DEPTH INVESTIGATION OF THE IMPLICATIONS OF ECONOMIC STAGNATION ON THE LIVELIHOOD OF RURAL DWEL...
AN IN DEPTH INVESTIGATION OF THE IMPLICATIONS OF ECONOMIC STAGNATION ON THE LIVELIHOOD OF RURAL DWELLERS CHAPTER ONE INTRODUCTION Background of the St...More »
Item Type: Project Material | 54 pages | 1,256 engagements |
- 6.
AN IN-DEPTH STUDY OF WIDESPREAD HARDSHIP IN NIGERIA(AN EXPERIENCE UNDER TINUBU ADMINISTRATION)
AN IN DEPTH STUDY OF WIDESPREAD HARDSHIP IN NIGERIA(AN EXPERIENCE UNDER TINUBU ADMINISTRATION) CHAPTER ONE INTRODUCTION Background of the Study The...More »
Item Type: Project Material | 54 pages | 1,491 engagements |