A STUDY OF NIGERIA’S NATIONAL INCOME USING MULTIPLE LINEAR REGRESSION: METHODS AND APPLICATIONS
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Resumo
This study investigates how various macroeconomic variables relate to national income using regression analysis. National income, a key measure of a country’s economic performance, is shaped by multiple factors, including investment, government spending, exports, and consumption. By applying a regression model, the study aims to quantify the influence of these factors on national income and to determine which variables are most impactful. Utilizing historical data from different time periods within the country, the analysis enables a comparative assessment of how these variables affect national income. The results indicate that investment and government expenditure are the strongest predictors of national income, while the effects of exports and consumption vary with the context. The research contributes to a deeper understanding of economic dynamics and offers actionable insights for policymakers aiming to promote growth and stability