STATISTICS ASSIGNMENT

Statistics Assignment

Table of content

INTRODUCTION3

Aim and objective7

Building ARIMA model for variables :”cost”, Prfit and sales and Forecasting:8

Model identification:8

Model estimation and verification:9

Model AR(1) For variable “sales”10

Model MA (1) for variable “Cost”13

Model ARIMA (1, 1, 2) for Varible Profit17

Recommendation19

REFERENCES21

APPENDIX22

Introduction

Reliance Industries (RIL) is a private sector company in India. The company operates in more than 100 countries around the world. It has production facilities at three major locations in India and four in Europe. RIL operates through four business segments: refining, petrochemicals, oil and gas, and other businesses. RIL operates the third largest refinery in the world at Jamnagar, Gujarat. The refinery has a capacity of 33 million tons per year (0.66 million barrels per day of crude throughput). In FY2009, RIL produced 32,450 kilotonnes (KT) of petroleum products comprising 28,000 KT of gases and distillates and 4,450 KT of fuel oils and solids. RIL markets its petroleum products through 1,432 retail outlets in India.

The company exported 21 million tonnes of refined products in FY2009. The petrochemicals segment encompasses the production and marketing operations of petrochemical products namely, high and low density polyethylene, polypropylene, polyvinyl chloride, polyester yarn, polyester fibers, purified terephthalic acid, paraxylene, ethylene glycol, olefins, aromatics, linear alkyl benzene, and polyethylene terephthalate.The petrochemicals segment manufactures polymers, polyester, polyester intermediates, and other petrochemicals. The polymer business has cracker facility at Hazira, as well as its refinery at Jamnagar.The company operates plants for polyolefins and PVC (polyvinyl chloride) with licensors like Novacor, Geon, and Union Carbide. The products manufactured include polypropylene (PP), high density polyethylene (HDPE), and liner low density polyethylene (LLDPE), polyvinyl chloride (PVC), and poly-olefin (HDPE and PP) pipes. The products are sold under various brand names including, Repol (polypropylene), Relene (high density polyethylene), Reon (polyvinyl chloride), and Relpipe (HDPE and PP). In FY2009, the business produced 1,466 KT of PP, 996 KT of PE, and 614 KT of PVC. RIL is the largest producer of polyester fiber and yarn in the world.The company has a manufacturing capacity of 2,000 KT per annum with a production plant at Naroda. The company has a portfolio of about 120 global patents in the polyester domain. It has a manufacturing capacity of about 2.5 million tonnes.

The products manufactured include staple fiber, filament yarn, texturized yarn, twisted and dyed yarn, stretch yarns, cotton look, cotluk feel yarns, can dyed, dope dyed, low pill, hollow fibers, secondary reinforcement products, quality certified sleep products, and polyethylene terephthalate (PET).The products are offered under the brand names Recron (texturized yarn, twisted yarn, staple fiber, and filament yarn), Recron Stretch, Recron Cotluk, Recron Dyefast, Recron Superblack, Recron Superdye, Recron Fibrefill, Recron 3S, Recron Certified, and Relpet. In FY2009, the business produced 646 KT of PFY, 559 KT of PSF, and 329 KT of PET. The polyester intermediates manufactures paraxylene (PX) and purified terephthalic acid (PTA) and mono ethylene glycol (MEG). In FY2009, the business produced 1,879 KT of PX, 1,978 KT of PTA, and 726 KT of MEG.The company is also India's largest manufacturer of linear alkyl benzene ...