Journal of Economics and Management Volume 21, No. 1 March, 2025

Comparative Regression Analyses Studies on Nigeria Import and Export Price Indices

Akintunde Oyetunde Abey

Department of Mathematics, Faculty of science, Federal University Oye-Ekiti, Ekiti State, Nigeria

Ogunleke Comfort Olayemi

Department of Mathematics, Faculty of science, Federal University Oye-Ekiti, Ekiti State, Nigeria

Folorunso Gbenga Israel

Department of Mathematics, Faculty of science, Federal University Oye-Ekiti, Ekiti State, Nigeria

Adepetu Esther Temiloluwa

Department of Mathematics, Faculty of science, Federal University Oye-Ekiti, Ekiti State, Nigeria

Abstract

This research study conducts comparative regression analyses studies on Nigeria’s import and export price indices to understand their dynamics and economic implications. By examining the fluctuations in price indices over a specified period, the research work identified the factors influencing these changes and assesses the relative impacts on Nigeria’s trade balance and overall economic stability. The analyses employed multiple regression models to analyze the relationship between various economic indicators and the price indices, providing comprehensive views of the import and export pricing trends. The results revealed significant determinants that affect import and export prices, highlighting the interplay between global market conditions and domestic economic policies. The study concluded with policy recommendations to enhance Nigeria’s trade performance and made suggestions on strategies to mitigate adverse effects of price volatility on the economy.

Keywords：Comparative, Regression Analysis, Import Price Indices, Export Price Indices

JEL Classifications：C22, N97, O40

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