Predicting Insurance Investment: A Factor Analytic Approach

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dc.contributor.authorAgwuegbo, S.O.
dc.contributor.authorAdewole, A.P.
dc.contributor.authorMaduegbuna, A.N.
dc.date.accessioned2019-09-10T11:01:17Z
dc.date.available2019-09-10T11:01:17Z
dc.date.issued2010
dc.descriptionStaff publicationen_US
dc.description.abstractProblem statement: In the last decade growing attention has been paid to the pattern of investments by the insurance industry and the question of how to evaluate such investments. In an economy where the capital market is huge and active, mathematical considerations come into play in the selection of investments to ensure yield maximisation. Approach: This study examined the use of factor analysis as an emerging technique for the analysis of insurance investment in Nigeria. Results: The proposed technique described a number of methods designed to analyze interrelationships within the investment variables in terms of few underlying but unobservable random quantities called factors. The factors were constructed in a way that reduces the overall complexity of the data by taking advantage of inherent interdependencies. Conclusion: The result obtained through this approach were promising and shows that two principal components of the factor loadings have a cumulative proportion of variance accounted for 94.5% of the total variations of the investments pattern.en_US
dc.identifier.citationAgwuegbo, S.O., Adewole, A.P. & Maduegbuna, A.N (2010). Predicting Insurance Investment: A Factor Analytic Approach. Journal of Mathematics and Statistics. Vol.6(3): 321-324pp.en_US
dc.identifier.issn1549-3644
dc.identifier.urihttps://ir.unilag.edu.ng/handle/123456789/5458
dc.language.isoenen_US
dc.publisherJournal of Mathematics and Statisticsen_US
dc.relation.ispartofseriesJournal of Mathematics and Statistics;Vol.6(3)
dc.subjectAnalysisen_US
dc.subjectForcastingen_US
dc.subjectRegression analysisen_US
dc.subjectMultivariate analysisen_US
dc.subjectPrincipal componentsen_US
dc.subjectEigenvaluesen_US
dc.subjectResearch Subject Categories::TECHNOLOGY::Information technology::Computer science::Computer scienceen_US
dc.titlePredicting Insurance Investment: A Factor Analytic Approachen_US
dc.typeArticleen_US
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