Record Details

Forecasting of Sweet Potato (Ipomoea batatas L.) Prices in India

KRISHI: Publication and Data Inventory Repository

View Archive Info
 
 
Field Value
 
Title Forecasting of Sweet Potato (Ipomoea batatas L.) Prices in India
Not Available
 
Creator P. Prakash
D. Jaganathan
Sheela Immanuel
Achal Lama
J. Sreekumar
P. S. Sivakumar
 
Subject Market intelligence
Price forecasting
Exponential smoothing model
Seasonal autoregressive integrated moving average
Time delay neural network
 
Description Not Available
Due to the semi-perishable nature of sweet potato the price fluctuation occur based on
demand and supply. Hence, it becomes necessary to precisely forecast market price of
sweet potato. Price forecasting of sweet potato was carried out for six selected states in
India using time series monthly market price, collected from AGMARKNET price portal
from January 2010 to December 2021. Exponential Smoothing Models (ESM), Seasonal
Autoregressive Integrated Moving Average (SARIMA) model and Time Delay Neural
Network (TDNN) model were used for forecasting of sweet potato price. It was observed
that among the forecasting models, the TDNN model predicted accurate future prices of
sweet potato based on the lowest Mean Absolute Percentage Error (MAPE), Mean Absolute
Error (MAE) and Root Mean Square Error (RMSE) than SARIMA and ESM. The forecast
indicated that the average market price of sweet potato in selected states of India viz.,
Kerala, Odisha, Gujarat, Karnataka, Maharashtra and Telangana, would be in the range of
Rs. 684 to Rs. 2757 per quintal during January 2022 to December 2022. The forecasted
price of sweet potato would provide valuable information to the sweet potato growers,
government institutions and other stakeholders in the sweet potato value chain to take
appropriate decisions on production, marketing and consumption of sweet potato.
Not Available
 
Date 2022-04-05T05:21:12Z
2022-04-05T05:21:12Z
2022-04-01
 
Type Research Paper
 
Identifier P. Prakash, D. Jaganathan, Sheela Immanuel, Achal Lama, J. Sreekumar and P. S. Sivakumar (2022). Forecasting of Sweet Potato (Ipomoea batatas L.) Prices in India Forecasting of Sweet Potato (Ipomoea batatas L.) Prices in India. Indian Journal of Extension Education, 58(2) (April–June), 15-20
0537-1996
http://krishi.icar.gov.in/jspui/handle/123456789/71182
 
Language English
 
Relation Not Available;
 
Publisher Not Available