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Comparative Analysis of the Impact of Some Economic Variables on Inflation Rates in Nigeria using Robust Regression

This study examines the impact of Economic Variables (FDI, Money Supply, GDP per Capita, Population Growth and Real Interest rate) on Inflation rate in Nigeria over the period of 2006 to 2023 using OLS regression and Robust Regression (M-estimation, Bi-square Estimation, Iteratively Re-weighted Least Squares (IRLS), S-Estimation). It was found out that M-estimation and Iteratively Re-weighted Least Squares (IRLS) give similar result as Bi-square robust estimation method. From the results of OLS regression it was found that Money Supply shows a positive significant impact on inflation rate, Rea…

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