Archive

IJASM Latest News

Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org


Successfully Published

Volume 7,Issue 5,Sept.-Oct., 2020


Submissions open

"Submissions Open For Volume 7,Issue 6, Nov. - Dec. 2020"


Mail your paper at E-mail:

Mail your paper at E-mail: submit2ijasm@yahoo.in , submit@ijasm.org



Our Journals

  • IJECCE
    IJECCE
  • IJEIR
    IJEIR
  • IJAIR
    IJAIR
  • IJAIM
    IJAIM
  • IJISM
    IJISM
  • IJRAS
    IJRAS
  • IJIRES
    IJIRES
  • IJRIES
    IJRIES
  • IJASM
    IJASM

Trend Analysis of Crude Oil Prices in Ghana

  • Buah Ahoba Masha
  • Brew Lewis
  • Asante Emmanuel
Crude oil has become an integral part of the Ghanaian economy. It is an important commodity and its price volatility has an important effect on day-to-day activities. This project therefore seeks to determine the trend of crude oil prices in Ghana and also develop a model that will predict the prices of crude oil in Ghana. A three year monthly secondary data from January 2016 to December 2018 was downloaded from the official website of Bank of Ghana. Statistical Package for the Social Sciences (SPSS) software was used in the analysis of the data, different trends were exhibited in the years and also the analysis produced three models which are linear, quadratic and cubic. The results of the analysis showed that, the р values for the linear, quadratic and cubic regression models were significant at 5% level of significance. The coefficient of determination, R^2 for the cubic (R^2=0.798) was better than that of the linear and quadratic, hence the cubic regression model was considered as the best model.
Select Volume / Issue:
Year:
2020
Type of Publication:
Article
Keywords:
Regression Analysis; Crude Oil Prices; Coefficient of Determination; Price Volatility
Journal:
IJASM
Volume:
7
Number:
5
Pages:
129-135
Month:
September
ISSN:
2394-2894
Hits: 89
Don't have an account yet? Register Now!

Sign in to your account