Statistical Analysis of Vehicular Registration in Lagos, Nigeria Based on Ownership and Type

  • Kehinde Adigun Department of Statistics, Ekiti State University, Ado-Ekiti, Nigeria
  • Oluwasesan Adewusi Department of Statistics, Ekiti State University, Ado-Ekiti, Nigeria
  • Abiodun Adigun Department of Economics, Federal University of Technology, Akure, Nigeria
Keywords: Vehicles, Licensing stations, time series, National Motor Vehicle Administration Agency

Abstract

This paper examined the vehicular registration in Lagos state, Nigeria between the years 1998-2015. Time series analysis was employed to analyze the data, to compute the seasonal variation and fluctuations in the number of motor vehicles that was registered between the periods of 16 years in the state. The least square method was also used in forecasting the number of vehicles that will be registered in the next 10years in the state. It was discovered that the number of private, commercial and government registered vehicles will be increased over the years. . Based on the fact of the analysis made, we were able to conclude that the rate at which vehicles were registered in Lagos – State fluctuates over the time. 

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Published
2019-11-25
Section
Articles