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Forecasting of arecanut market price in north eastern India: ARIMA modelling approach

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Title Forecasting of arecanut market price in north eastern India: ARIMA modelling approach
Not Available
 
Creator Sandip Shil
G.C. Acharya
C.T. Jose
K. Muralidharan
A.K. Sit
George V. Thomas
 
Subject Arecanut
forecasting
ARIMA
interrupted time series model
intervention model
 
Description Not Available
The paper deals with forecasting of minimum, maximum and average arecanut (Areca catechu L.) prices in the major arecanut markets of the Assam as well as Meghalaya based on the monthly price data. Monthly minimum, maximum, and average market price data of arecanut (in Rs./quintal) for the period May-2003 to March-2012 (for Assam) and February-2003 to March-2012 (for Meghalaya) were used. Box-Jenkins autoregressive integrated moving average (ARIMA) methodology was adopted for developing the models. An interrupted time-series model was also applied to resolve the problem of intervention point (October-2011) for Meghalaya price data. The proposed models were ARIMA (1, 0, 1), ARIMA (1, 1, 1), ARIMA (0, 1, 1) (for Assam market price data series) and, log ARIMA (0, 1, 1), log ARIMA (1, 0, 1) with linear trend and a man-made intervention (Oct-2011) and log ARIMA (0, 1, 1) with linear trend and a manmade intervention (Oct-2011) (for Meghalaya market price data series) for minimum, maximum, and average monthly price series, respectively.
Not Available
 
Date 2019-10-29T10:34:36Z
2019-10-29T10:34:36Z
2013-09-01
 
Type Article
 
Identifier Journal of Plantation Crops, 2013, 41(3): 330-337
2454-8480
http://krishi.icar.gov.in/jspui/handle/123456789/24174
 
Language English
 
Relation Not Available;
 
Publisher Indian Society of Plantation Crops