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