A statistical study on the effect of multicollinearity on parameters estimate Department: Mathematics and Statistics By: Arinze1 Project ID: 5561 Rating: (5.0) votes: 1Rate this project12345 Price:₦3000 Get the Complete MaterialAbstractThis study deals with the effect of multicollinearity on parameters estimate. The purpose of this study is to know the effect of multicollinearity in parameters estimate. The data used in this study is secondary data. There were extracted from the practical manual Guide for Higher National Diploma in Statistics HND II Semester 1 and involve the GDP, foreign direct investment, exchange rate, interest rate and inflation rate for the period of 2 years and 5 months. The data collected were analyzed using three statistical methods the least square method, informal method (total R2) and formal method (the chi-square test). The result obtained from the least square method showed that GDP is jointly determined by foreign direct investment, exchange rate, interest rate and inflation rate. The results obtained further showed that the estimated regression coefficients tend to vary widely from one sample to the next when independent variables are highly correlated. Both formal and informal tests showed that there was a presence of multicollinearity in the chosen model and is several. The total R2 revealed that about 91.12% total variation in GDP associated with the use of foreign direct investment, exchange rate, interest rate and inflation rate. Total R2 also showed that the model of GDP on foreign direct investment, exchange rate, interest rate and the inflation rate is adequate and good for prediction....Preview Download Preview +Other Mathematics and Statistics project topics and materials you might be interested in»Statistical Quality Control of Premier Soap in Soap Manufacturing Industry ( A Case Study of PZ Cusson PLC Aba Abia State)»Statistical analysis of students’ height and weight (case study of federal polytechnic Nekede, Owerri, Imo state) »Statistical analysis of unemployment rate among age groups and geographical locations in Nigeria»Statistical analysis of the problems associated with skill acquisition in Nigeria (a case study of male tailors in Imo state)»Application of linear programming technique to profit maximization in the production of soap (a case study of Promotex industrial and chemical company limited, Nnewi, Anambra state) »Statistical analysis of foster care and adoption rate in Abia state (a case study of motherless babies home Ahiaeke, Umuahia)»Determination of nutritional status of children within the ages of four (4) to ten (10) years using their body mass index (BMI)»Time series analysis on marriage registration in Ilorin, Kwara state»Application of multiple queuing model in evaluating the efficiency of service in UBA bank»Statistical analysis on impact of parental hood on academic performance»Determinant of foreign direct investment in Nigeria and its effect on Nigerian economy: an empirical analysis»Econometrics analysis of gross national income on consumption expenditure of federal republic of Nigeria between (2011)»Statistical analysis of factors affecting crime in Imo state»Statistical study of the queuing pattern at the antinatal division of Federal Medical Center FMC Owerri Imo state»A statistical analysis of coal production in Nigeria - a case study of Nigeria coal corporation from 2000-2009