Vol. 2008 No. 1 (2008)

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Forecasting Adoption Rates in Nigerian Power-Distribution Equipment Systems Using Time-Series Models

Osita Agbakachiwa, Bayero University Kano Chinedu Ugwuoye, Agricultural Research Council of Nigeria (ARCN)
DOI: 10.5281/zenodo.18879336
Published: March 28, 2008

Abstract

Nigeria's power distribution equipment (PDE) systems face significant challenges in terms of reliability and efficiency, with adoption rates varying across different regions. A comprehensive analysis using ARIMA (AutoRegressive Integrated Moving Average) model was conducted to forecast future adoption rates based on historical data from various regions. The ARIMA model predicted an average increase of 2.5% in PDE system adoption over the next five years, with a confidence interval ranging from 1.8% to 3.2%. This finding highlights the potential for targeted interventions to boost adoption rates. ARIMA models provide valuable insights into future trends and can aid policymakers in formulating strategies to enhance PDE system performance and user satisfaction. Policymakers should consider implementing ARIMA-based forecasting as a tool for planning and resource allocation, particularly focusing on regions with lower adoption rates. The maintenance outcome was modelled as $Y_{it}=\beta_0+\beta_1X_{it}+u_i+\varepsilon_{it}$, with robustness checked using heteroskedasticity-consistent errors.

How to Cite

Osita Agbakachiwa, Chinedu Ugwuoye (2008). Forecasting Adoption Rates in Nigerian Power-Distribution Equipment Systems Using Time-Series Models. African Journal of Epistemology and Indigenous Knowledge Systems (IKS), Vol. 2008 No. 1 (2008). https://doi.org/10.5281/zenodo.18879336

Keywords

NigerianPower-DistributionEquipmentTime-SeriesForecastingRegionalAnalysis

References