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Modeling and Forecasting the Third wave of Covid-19 Incidence Rate in Nigeria Using Vector Autoregressive Model Approach

Odekina, O. G. and Adedotun, Adedayo F. and Imaga, O. F. (2022) Modeling and Forecasting the Third wave of Covid-19 Incidence Rate in Nigeria Using Vector Autoregressive Model Approach. Journal of the Nigerian Society of Physical Sciences, 4. pp. 117-122. ISSN 117–122

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Abstract

Modeling the onset of a pandemic is important for forming inferences and putting measures in place. In this study, we used the Vector autoregressive model to model and forecast the number of confirmed covid-19 cases and deaths in Nigeria, taking into account the relationship that exists between both multivariate variables. Before using the Vector Autoregressive model, a co-integration test was performed. An autocorrelation test and a heteroscedasticity test were also performed, and it was discovered that there is no autocorrelation at lags 3 and 4, as well as no heteroscedasticity. According to the findings of the study, the number of covid-19 cases and deaths is on the rise. To forecast the number of cases and deaths, a Vector Autoregressive model with lag 4 was used. The projection likewise shows a steady increase in the number of deaths over time, but a minor drop in the number of confirmed Covid-19 cases.

Item Type: Article
Uncontrolled Keywords: Covid-19, Vector Autoregressive model, Akaike Information Criterion, Final Prediction Error, Hannan Quinn Information Criterion
Subjects: Q Science > QA Mathematics
Divisions: Faculty of Engineering, Science and Mathematics > School of Mathematics
Depositing User: nwokealisi
Date Deposited: 10 Nov 2023 13:13
Last Modified: 10 Nov 2023 13:13
URI: http://eprints.covenantuniversity.edu.ng/id/eprint/17568

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