Economic Impact of Some Determinant Factors of Nigerian Inflation Rate
Table 5.
Multiple Regression Analysis Result
| Variable | Coefficient | Std. Error | t-Statistic | Prob. | | | | | | | | | | | | | | D(CPI) | 3.520763 | 0.442415 | 7.958056 | 0.0000 | | D(EXCH_RATE) | -0.379229 | 0.286565 | -1.323362 | 0.1938 | | D(FOREX_RESV) | -0.122695 | 0.098799 | -1.241869 | 0.2221 | | D(INT_RATE) | 0.461922 | 0.596983 | 0.773760 | 0.4440 | | D(MON_SUP) | -0.149931 | 0.192123 | -0.780394 | 0.4401 | | D(REAL_GDP) | -0.189808 | 0.715719 | -0.265198 | 0.7923 | | D(REAL_INC) | -0.112454 | 0.081207 | -1.384780 | 0.1744 | | D(TOTAL_EXPORT) | 0.151041 | 0.130040 | 1.161497 | 0.2529 | | D(TOTAL_IMPORTS) | -0.039021 | 0.102182 | -0.381878 | 0.7047 | | C | 0.939510 | 0.048244 | 19.47422 | 0.0000 | | | | | | | | | | | | | | R-squared | 0.661339 | Mean dependent var | 1.154369 | | Adjusted R-squared | 0.578962 | S.D. dependent var | 0.302773 | | S.E. of regression | 0.196462 | Akaike info criterion | -0.230396 | | Sum squared resid | 1.428097 | Schwarz criterion | 0.163252 | | Log likelihood | 15.41431 | Hannan-Quinn criter. | -0.082264 | | F-statistic | 8.028209 | Durbin-Watson stat | 2.688050 | | Prob(F-statistic) | 0.000002 | | | | | | | | | | | | | | | |
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