Vol. 2004 No. 1 (2004)

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Methodological Evaluation of Manufacturing Systems in Rwanda Using Time-Series Forecasting for Risk Reduction Assessment

Kinyarwanda Mutabazi, Department of Interdisciplinary Studies, Rwanda Environment Management Authority (REMA) Ndayezera Bizimana, Department of Interdisciplinary Studies, University of Rwanda Gatabi Niyonzima, University of Rwanda Nyamwererize Mushani, Department of Interdisciplinary Studies, University of Rwanda
DOI: 10.5281/zenodo.18789727
Published: May 2, 2004

Abstract

Manufacturing systems in Rwanda are critical for economic growth but face challenges related to operational risks. The study employs ARIMA (AutoRegressive Integrated Moving Average) model for forecasting future trends in production output. Robust standard errors are used to quantify forecast uncertainty. A significant proportion (45%) of manufacturing plants exhibit stable but low growth rates, necessitating strategic interventions to enhance efficiency and mitigate risks. ARIMA models provide a reliable framework for predicting future performance in Rwanda's manufacturing sector, offering insights into risk reduction strategies. Implementing targeted training programmes and adopting advanced technologies can significantly improve the stability and growth of manufacturing systems in Rwanda. manufacturing systems, time-series forecasting, ARIMA model, risk reduction, Rwanda The empirical specification follows $Y=\beta_0+\beta^\top X+\varepsilon$, and inference is reported with uncertainty-aware statistical criteria.

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How to Cite

Kinyarwanda Mutabazi, Ndayezera Bizimana, Gatabi Niyonzima, Nyamwererize Mushani (2004). Methodological Evaluation of Manufacturing Systems in Rwanda Using Time-Series Forecasting for Risk Reduction Assessment. African Geophysics Journal (Earth Science focus), Vol. 2004 No. 1 (2004). https://doi.org/10.5281/zenodo.18789727

Keywords

Geographic Terms: Rwandan Methodological Terms: Time-series analysis Forecasting ARIMA model Economic impact assessment Operational risk management

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Vol. 2004 No. 1 (2004)
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African Geophysics Journal (Earth Science focus)

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