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Econometrics Analysis On The Monthly Income Generated From Sales Of Legend Guilder, And Maltina Drinks In Nigeria
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1.1 AIMS AND OBJECTIVES
The aim
and objective of this project is to show the rate at which the general
public is lovely interested in purchasing alcoholic and Maltina drinks.
i. To determine comparism between the independent variable and dependent variable
ii. To know the types of relationship that exists between the independent and dependent variable.
iii. To calculate the parameter of the econometrics model and test their significance.
iv. To derive the equation that can be used to predict the sales
v. To forecast the factors value of the variable of the model
vi. To formulate the economic policy and test a decision using the parameter obtained.
1.2 SCOPE AND COVERAGE
Econometric
base on the calculation of economic relationship. The scope of this
project is based on the income generated on the sales of three specified
product of Nigeria Breweries Ibadan, Oyo State, namely stout larger
beer, Guilder larger beer and maltina drinks.
1.3 PROBLEM ENCOUNTERED
There
are many problem that a researcher has to encounter in collecting data
for research work in carrying out this research work some problem are
listed in the subsequent paragraphs.
i. Reluctance of primary data owner to release their data.
ii. Transport risk is involved due to a traveling from one place to another during the course of the research work.
iii. There is also a financial problem a ransom huge of money may be needed for research work.
iv.
Unavailability of relevance data due to some certain circumstance e.g.
during political crises data may not be able to be collected for a
particular month, during the N.U.R.T.W. (National Union of Road
Transport Workers) crises data may also not to be accurately collected.
v.
Error may arises due to mis-interpretation of figures approximation
rounding off and even translation of errors.
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ABSRACT - [ Total Page(s): 1 ]This project has the aim of studying the analysis on the monthly income generated from the sale of stout, Guilder and Maltina drinks in Nigeria Breweries Ibadan Oyo State. The study employed the use of statistical method like Multicollinearity, Autocorrelation, hetrosedasticity, individual coefficient multiple regression analysis. The result of the analysis shows that there is a relationship between Stout, Guilder and Maltina drinks. It also has predictive power of an increase. ... Continue reading---
