ABSTRACT
In this paper, we developed a multiple linear regression model for the global LNG consumption at some optimal prices. The work focused on the establishment of trend for LNG market and to forecast for future global trade in LNG market. The adequacy of the models developed was tested and the model with Japanese price regime was more adequate for investors or producers of LNG. We observed from the ANOVA Table that the test was significant at 5% level. The model was adequate with a high R2– value. This indicates that the independent variables explained up to 92% variation in prices, while the 8% unexplained variations are due to some errors. From the fitted model, we can forecast for the future price or the demand for LNG.
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