An Econometric Analysis for a Dynamic Foreign Trade Model Using Box-Jenkins Methodology

This study aims to provide an analysis of a dynamic econometric model and identifies some econometric problems for foreign trade statistics, exports, and imports of Sudan in particular. In addition to identifying some econometric problems using the most frequently used econometric techniques, estimating, and forecasting a dynamic econometric model is also an objective. Box-Jenkins time series models were applied accompanied by results based on different estimation methods such as (OLS) and the Instrumental Variable method to see if valuable findings could be gained. The suggested methodology has been applied to annual time series economic data, particularly the total value of exports and imports. Forecasts have been obtained based on the analysis.