Abstract
ObjectivesThis paper is aimed at modelling the effect of COVID-19 mortality per population (CMP), a proxy for COVID-19 on the Gross Domestics Product (GDP) per capita per COVID-19 cases (RGDPC), a proxy for the economic wellbeing of a nation. MethodsNine models divided into three groups (Gaussian polynomial, other non-linear, and Gamma generalized polynomial models) were fitted for RGDPC data on CMP, collected from 1st June to 31st December 2020. ResultsThe result showed that the gamma cubic model was selected as the best model out of the 9 competing models to predict the economic wellbeing of Nigeria. Predictions were made for the whole day in the year 2021. ConclusionIt is therefore concluded that there is a non-linear relationship between COVID-19 mortality and the economic wellbeing of Nigerians. Thus, COVID-19 mortality has an adverse effect on the wellbeing of Nigerians. The economic wellbeing of Nigerians can be improved if COVID-19 mortality is stopped.
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