Vol. 1 No. 1 (2021): Volume 1, Issue 1 (2021)
Time-Series Forecasting Model Evaluation for Adoption Rates in Senegal's Industrial Machinery Fleets Systems
DOI: 10.5281/zenodo.18704520
Published: February 19, 2026
Abstract
This study evaluates time-series forecasting models for measuring adoption rates in Senegal's industrial machinery fleets systems. A time-series forecasting model was employed, specifically an ARIMA (AutoRegressive Integrated Moving Average) model, with parameters estimated using maximum likelihood estimation. Uncertainty in forecasts is quantified through standard error estimates. The ARIMA model showed a strong correlation ($R^2 = 0.85$, $p < 0.01$), indicating that historical data can predict future adoption rates with significant confidence (95% CI: ±0.10). The ARIMA model effectively forecasts adoption trends in Senegal's industrial machinery fleets, with a notable R-squared value and robust error estimates. Future studies should consider incorporating additional variables to improve forecast accuracy and explore the impact of government incentives on adoption rates.
Read the Full Article
The HTML galley is loaded below for inline reading and better discovery.
How to Cite
(2026). Time-Series Forecasting Model Evaluation for Adoption Rates in Senegal's Industrial Machinery Fleets Systems. African Maintenance Engineering, Vol. 1 No. 1 (2021): Volume 1, Issue 1 (2021). https://doi.org/10.5281/zenodo.18704520
Keywords
African geographyTime-series analysisForecasting modelsARIMASARIMAXExponential smoothingSeasonality assessment
Research Snapshot
Desktop reading viewLanguage
EN
Formats
HTML + PDF
Publication Track
Vol. 1 No. 1 (2021): Volume 1, Issue 1 (2021)
Current Journal
African Maintenance Engineering