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IJSTR >> Volume 2- Issue 6, June 2013 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Multivariate Jackknife Delete-5 Algorithm On The Effect Of Nigeria Foreign Trade On Foreign Exchange Rates Of Naira (1960-2010).

[Full Text]

 

AUTHOR(S)

Obiora-Ilouno H. O., Mbegbu J. I.

 

KEYWORDS

Keywords: multivariate, Jackknife, delete-5, foreign trade, foreign exchange rate, linear regression.

 

ABSTRACT

Abstract: In this paper we presented the multivariate extension of multiple linear regression using Jackknife techniques in modeling the relationship between m set of responses and a single set of r regressors . The responses are Oil Import Non-Oil Import Oil Export Non-Oil Export which is classified as Nigeria Foreign Trade, while the regressors are Exchange Rate of US Dollar and Exchange Rate of Pounds sterling’s which are classified as Foreign Exchange Rate. We proposed new algorithm for estimating the parameters of multivariate linear regression using the jackknife technique. The results obtained using Jackknife delete-5 algorithm competes favorably with the existing methods. Consequently Time Series approach was adopted for future prediction of the Nigeria Foreign Trade from year 2011 to 2020. Evidently, the time series plot depicts an increase of exchange rate of US Dollar and Pounds Sterling over the years under consideration. Thus, this will definitely affect Nigeria Foreign Trade negatively which could be harmful to the Nigeria’s economy.

 

REFERENCES

[1]. Adebiyi, M.A., Adenuga, A.O., Abeng, M.O. and Omanukwue, P.N. (2010). Oil Price Shocks, Exchange Rate and Stock Market Behaviour: Empirical Evidence from Nigeria, working paper, presented in the research department of Central Bank of Nigeria.

[2]. Central Bank of Nigeria Statistical Bulletin, Central Bank of Nigeria, Gariki Abuja, Nigeria, 2011.

[3]. Efron, B., The Jackknife, the Bootstrap and other Resampling Plans, CBNS-NSF Regional Conference Series in Applied Mathematics, 1982, 38, 29-35.

[4]. Efron, B., Second Thought on Bootstrapping. Statistical Science, 2003, 18(2), 135-140.

[5]. Johnson,R. A. and Wichern, D.W., Applied Multivariate Statistical Analysis.Third Edition, Prentice Hall, Englewood Cliffs, New Jersey ,1992, 314-316.

[6]. Maksui et al, Multivariate Functional Analysis, Journal of Productive Analysis, 2008, 29, 27

[7]. Obiora-Ilouno,H.O.andMbegbu,J.I., Bootstrap Algorithm for the Estimation of Logistic Regression Parameters. Journal of Nigerian Statistical Association (NSA), Nigeria, 2012, 24, 10-19

[8]. Obiora-Ilouno, H.O. and Mbegbu, J.I., A Multivariate Linear Regression on the Effect of Foreign Trade on Foreign Exchange Rates of Naira Using Bootstrap Approach, Accepted paper in "Studies in Mathematical Sciences", 2013, Volume 6, Number 3.(To appear in 31st May 2013).