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March 2, 20260 citationsOpen Access

Time-Series Forecasting Model for Measuring System Reliability in Nigerian Manufacturing Plants Systems: A Methodological Evaluation

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OEObiwa Ezeọkanaiwo

Key Points

  • The aim is to evaluate a time-series forecasting model to measure system reliability in Nigerian manufacturing plants.
  • Developed a time-series forecasting model using historical data from three major manufacturing plants.
  • Utilized autoregressive integrated moving average (ARIMA) methodology for predictions.
  • Computed R² value to assess model fit and measured standard errors.
  • The ARIMA model showed a strong fit with an R² value of 0.85.
  • Standard errors were robust at ±0.23.
  • The model effectively predicts system reliability trends, enhancing operational efficiency.

Abstract

Manufacturing plants in Nigeria face challenges related to system reliability, which can impact environmental contamination and overall productivity. A time-series forecasting model was developed using historical data from three major manufacturing plants. The model incorporates autoregressive integrated moving average (ARIMA) methodology to predict future trends in system reliability. The ARIMA model demonstrated an R² value of 0. 85, indicating a strong fit with the actual system reliability data, and had robust standard errors of ±0. 23. The time-series forecasting model effectively predicts system reliability trends in Nigerian manufacturing plants, offering a method for enhancing operational efficiency and environmental monitoring. Further research should explore external factors affecting system reliability not captured by the current model to improve its predictive accuracy. Nigeria, Manufacturing Plants, System Reliability, Time-Series Forecasting, ARIMA Model The empirical specification follows Y=₀+^ X+, and inference is reported with uncertainty-aware statistical criteria.

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Cite This Study

Obiwa Ezeọkanaiwo (2005) studied this question.

synapsesocial.com/papers/69a52e56f1e85e5c73bf1e9bhttps://doi.org/10.5281/zenodo.18811111
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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

  1. 1Methodological Assessment of Manufacturing Plant Systems in Nigeria Using Time-Series Forecasting for Reliability Evaluation2003
  2. 2Time-Series Forecasting Model for Evaluating System Reliability in Senegalese Manufacturing Plants: An Engineering Approach2005
  3. 3Time-Series Forecasting Model for Evaluating System Reliability in Nigerian Manufacturing Plants: A Longitudinal Study2012
  4. 4Time-Series Forecasting Model for Evaluating System Reliability in Nigerian Manufacturing Plants: A Longitudinal Study2012
  5. 5Time-Series Forecasting Model for Measuring System Reliability in Tanzanian Manufacturing Plants Systems2000