A Model for Predicting Petroleum Consumption of Vehicles in Ghana - The Application of Regression Analysis

by Abude, Francis Mawuli
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Abude, Francis Mawuli A Model for Predicting Petroleum Consumption of Vehicles in Ghana - The Application of Regression Analysis
Abude, Francis Mawuli - A Model for Predicting Petroleum Consumption of Vehicles in Ghana - The Application of Regression Analysis

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Description

Petroleum consumption of vehicles is always a concern of many prospective car buyers, yet many seem clueless about its determinants. This paper determines the main predictors of petroleum use of vehicles from six predictor variables, and also developed a statistical model for their consumption. Data were collected on 121 common vehicles in Ghana from seven automobile companies in Accra, Ghana. Statistical analyses used included Pearson s correlation and Best Subsets Regression, where the Mallow s Cp and adjusted R-square helped to determine the most adequate and plausible regression model. Key findings showed that weight, width, and horsepower were the highly, negatively and significantly correlated with petroleum use of vehicles. However, the best regression model for prediction involved only Weight and Horsepower. The study bears implications for prospective vehicle buyers, distributors and the Government.

Contributors

Author:
Abude, Francis Mawuli

Further information

Biography Artist:
Francis Mawuli Abude is a statistician at the University of Cape Coast. He is awaiting an M.Phil (Industrial Mathematics) degree from the Kwame Nkrumah University of Science and Technology, Kumasi. His research interests include modelling, stochastic processes and operations research. He has a number of publications in some reputable journals.
Language:
Englisch
Number of Pages:
60
Media Type:
Taschenbuch
Publisher:
LAP Lambert Academic Publishing

Master Data

Product Type:
Paperback book
Release date:
January 17, 2013
Package Dimensions:
0.22 x 0.15 x 0.004 m; 0.136 kg
GTIN:
09783659320538
DUIN:
JA4RPLURT46
$64.63
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