A MODEL FOR ANALYSIS OF UNIVERSITY FUNDING

Abstract

The idea of using mathematical model incorporating random components to link observational realities with the  underlying generating mechanism has been well established by Box and Jenkin. Model useful for representing  such behaviour can be obtained by supposing a suitable difference of the process, which is stationary , and such a model is referred to as an autoregressive integrated moving average (ARIMA) model. This study applies Box-Jekins ARIMA model in the analysis of University  funding.