Economic Impact of Some Determinant Factors of Nigerian Inflation Rate
Table 4.
Correlation Matrix
| | | | | | | | | | | | | | | | | | | | | | | | | Correlation | | | | | | | | | | | Probability | INF | DCPI | DEXR | DFXR | DINT | DMS | DRGD | DRINC | DTEX | DTIM | | INF | 1.000000 | | | | | | | | | | | | ----- | | | | | | | | | | | | | | | | | | | | | | | DCPI | 0.004813 | 1.000000 | | | | | | | | | | | 0.9753 | ----- | | | | | | | | | | | | | | | | | | | | | | DEXR | -0.077659 | 0.002681 | 1.000000 | | | | | | | | | | 0.6163 | 0.9862 | ----- | | | | | | | | | | | | | | | | | | | | | DFXR | -0.130590 | -0.002517 | -0.052093 | 1.000000 | | | | | | | | | 0.3982 | 0.9871 | 0.7370 | ----- | | | | | | | | | | | | | | | | | | | | DINT | -0.064768 | -0.059398 | 0.404773 | 0.091443 | 1.000000 | | | | | | | | 0.6762 | 0.7017 | 0.0064 | 0.5550 | ----- | | | | | | | | | | | | | | | | | | | DMS | 0.129492 | 0.154988 | 0.030485 | 0.492871 | 0.027568 | 1.000000 | | | | | | | 0.4022 | 0.3151 | 0.8443 | 0.0007 | 0.8590 | ----- | | | | | | | | | | | | | | | | | | DRGDP | -0.013464 | 0.894024 | -0.072349 | 0.010990 | 0.065770 | 0.121506 | 1.000000 | | | | | | 0.9309 | 0.0000 | 0.6407 | 0.9436 | 0.6714 | 0.4320 | ----- | | | | | | | | | | | | | | | | | DRINC | -0.090423 | 0.093333 | -0.144019 | -0.078219 | -0.109798 | 0.117517 | 0.007446 | 1.000000 | | | | | 0.5594 | 0.5468 | 0.3510 | 0.6138 | 0.4780 | 0.4474 | 0.9617 | ----- | | | | | | | | | | | | | | | | DTEX | -0.026939 | 0.119024 | -0.075054 | 0.230424 | 0.016625 | 0.310056 | 0.112220 | 0.088309 | 1.000000 | | | | 0.8622 | 0.4416 | 0.6282 | 0.1324 | 0.9147 | 0.0405 | 0.4683 | 0.5687 | ----- | | | | | | | | | | | | | | | DTIM | 0.192026 | 0.048637 | -0.211025 | -0.081541 | -0.200623 | -0.080197 | 0.086226 | -0.120872 | -0.186022 | 1.000000 | | | 0.2118 | 0.7539 | 0.1691 | 0.5988 | 0.1916 | 0.6048 | 0.5778 | 0.4345 | 0.2267 | ----- | | | | | | | | | | | | | | | | | | | | | | | | |
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