Modeling And Forecasting CAD to Naira Exchange Rate
ABSTRACT The economy of any nation is greatly dependent on the level and stability of its exchange rate, with our nation’s (Nigeria) dwindling exchange rate, exploring the trend and pattern of our exchange rate is very needful. A secondary data on monthly exchange rates from 2010 to 2020 was obtained from ExchangeRate UK was analyzed using the Box-Jenkins (ARIMA) methodology. The series was first-order differenced in order to achieve series stationarity. The results showed that ARIMA(0,1,1...