A Statistical Analysis on the Growth Rate of Selected Sectors of Nigerian Economy

In this paper, multiple regression analysis was used to measure the impact of the growth rate of some selected sectors of the Nigerian economy on the real Gross Domestic Product GDP . For cases where linear relationship between the explanatory and response variables does not exist, non linear regression model was applied. Dataset used was obtained from the National Bureau of Statistics database which contains the real gross domestic product growth rate of each sector from 2018 to 2022. The results obtained from the study revealed that a significant linear relationship exists between the manufacturing, transportation with storage sectors and the real GDP. However, a non linear relationship exists between the real GDP growth rate and Information Communication Technology ICT sector. Suggestions were made on how to improve the various sectors of the economy. Chukwunenye Victor Chigozie | Chukwuenyem E. Onyenekwe | Ejiofor Chidimma Florence "A Statistical Analysis on the Growth Rate of Selected Sectors of Nigerian Economy" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-8 | Issue-2 , April 2024, URL: https://www.ijtsrd.com/papers/ijtsrd64635.pdf Paper Url: https://www.ijtsrd.com/mathemetics/statistics/64635/a-statistical-analysis-on-the-growth-rate-of-selected-sectors-of-nigerian-economy/chukwunenye-victor-chigozie