On use of Simple Linear Regression Models
Wokoma Dagogo S.A.&Innocent Uchenna Amadi
Department of Mathematics/Statistics
Port Harcourt Polytechnic, Rumuola, Rivers State
Corresponding Author: Wokoma Dagogo S.A.
ABSTRACT
In this paper we focused on simple linear regression modeling techniques to Nigerian Oil Export between the periods of 2004-2013 obtained from statistical bulletin. Our result shows that there is a direct linear relationship between Oil Export(X) and Gross domestic product(Y).The coefficient of determination provided a good summary of the total variability explained by the chosen fitted model. We also observe that Oil export is statistically significant due to the fact that Oil export plays a key role in the economic growth of Nigeria. Hence the proposed model =58123.115+0.723x is found to be adequate.
Keywords: Regression Analysis, forecasting, Oil Export, Modeling and Nigeria.
