African Journal of
Mathematics and Computer Science Research

  • Abbreviation: Afr. J. Math. Comput. Sci. Res.
  • Language: English
  • ISSN: 2006-9731
  • DOI: 10.5897/AJMCSR
  • Start Year: 2008
  • Published Articles: 254

Full Length Research Paper

On Monte Carlo forecast of production using nonlinear econometric models

    Isaac D. Essi1*, John .O. Olaomi2 and Joy .C. Nwabueze3
    1Statistics and Econometrics Modeling Group, P. O. Box 11518 (Main GPO), Near Rivers State Judiciary, Port Harcourt, Nigeria. 2Department of Statistics, University of Botswana, Gaborone, Botswana. 3Department of Statistics, Abia State University, Uturu, Abia State, Nigeria.  
Email: [email protected]

  •  Accepted: 19 May 2010
  •  Published: 30 September 2010




In this study, Monte Carlo (stochastic) and deterministic forecasts  have been carried out. The authors observe that there is reasonable gain in efficiency by Monte Carlo forecast over the deterministic procedure.


Key words:  Monte Carlo forecast, deterministic forecast, efficiency.