Methodological Evaluation and Time-Series Forecasting for Manufacturing Yield Improvement in Ghana (2000–2026)

Persistent inefficiencies in manufacturing output constrain industrial development in many emerging economies. A systematic, data-driven approach to yield forecasting is required to inform capital investment and process optimisation decisions within the sector. This report aims to methodologically evaluate production systems and develop a robust forecasting model to predict manufacturing yield trends, thereby providing a quantitative tool for performance improvement. A time-series analysis was conducted on aggregated national manufacturing output data. The core forecasting model employed is an ARIMA(1,1,1) process defined by $Y_t = \mu + \phi_1 Y_{t-1} + \theta_1 \epsilon_{t-1} + \epsilon_t$, where parameters were estimated using maximum likelihood. Model diagnostics included checks for residual autocorrelation and stationarity. The model forecasts a moderate but sustained upward trajectory in aggregate manufacturing yield, with a projected increase of approximately 18% over the forecast horizon. Forecast uncertainty, represented by the 95% prediction interval, widens notably in later periods, indicating reduced confidence in long-term point estimates. The implemented time-series model provides a viable, evidence-based tool for anticipating yield trends, highlighting both potential gains and increasing uncertainty in longer-term projections. Manufacturing firms should integrate similar forecasting methodologies into their operational planning. Subsequent research should disaggregate the analysis by sub-sector to identify specific drivers of yield improvement. manufacturing yield, time-series forecasting, ARIMA modelling, industrial efficiency, production systems This work provides a novel application of a classical time-series methodology to a longitudinal national manufacturing dataset, demonstrating its utility for strategic planning within an industrialising context.

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Publication Details

Journal
Zenodo (CERN European Organization for Nuclear Research)
Published
2025-11-21
DOI
https://doi.org/10.5281/zenodo.18968394
Primary Topic
Forecasting Techniques and Applications
Type
article
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article

Methodological Evaluation and Time-Series Forecasting for Manufacturing Yield Improvement in Ghana (2000–2026)

Kwame Asante, Ama Serwaa Mensah
Zenodo (CERN European Organization for Nuclear Research)
Forecasting Techniques and Applications
article

Methodological Evaluation and Time-Series Forecasting for Manufacturing Yield Improvement in Ghana (2000–2026)

Kwame Asante, Ama Serwaa Mensah
article en

Abstract

Persistent inefficiencies in manufacturing output constrain industrial development in many emerging economies. A systematic, data-driven approach to yield forecasting is required to inform capital investment and process optimisation decisions within the sector. This report aims to methodologically evaluate production systems and develop a robust forecasting model to predict manufacturing yield trends, thereby providing a quantitative tool for performance improvement. A time-series analysis was conducted on aggregated national manufacturing output data. The core forecasting model employed is an ARIMA(1,1,1) process defined by $Y_t = \mu + \phi_1 Y_{t-1} + \theta_1 \epsilon_{t-1} + \epsilon_t$, where parameters were estimated using maximum likelihood. Model diagnostics included checks for residual autocorrelation and stationarity. The model forecasts a moderate but sustained upward trajectory in aggregate manufacturing yield, with a projected increase of approximately 18% over the forecast horizon. Forecast uncertainty, represented by the 95% prediction interval, widens notably in later periods, indicating reduced confidence in long-term point estimates. The implemented time-series model provides a viable, evidence-based tool for anticipating yield trends, highlighting both potential gains and increasing uncertainty in longer-term projections. Manufacturing firms should integrate similar forecasting methodologies into their operational planning. Subsequent research should disaggregate the analysis by sub-sector to identify specific drivers of yield improvement. manufacturing yield, time-series forecasting, ARIMA modelling, industrial efficiency, production systems This work provides a novel application of a classical time-series methodology to a longitudinal national manufacturing dataset, demonstrating its utility for strategic planning within an industrialising context.

Zenodo (CERN European Organization for Nuclear Research)
Noguchi Memorial Institute for Medical Research (GH), University of Professional Studies (GH)
Industry, innovation and infrastructure
Openalex Percentile: Top 18%
Forecasting Techniques and Applications
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