Determinants of Potato Prices and its Forecasting: A Case Study of Punjab, Pakistan

Mumtaz Anwar, Dr. Ghulam Shabbir, M. Hassam Shahid and Wajiha Samreen

MPRA Paper from University Library of Munich, Germany

Abstract: Potato figures among the principal crop in Pakistan. This paper describes the determinants of potato prices in Punjab, Pakistan. Annual data for the period 1998-2014 were analyzed to identify factors affecting the prices of potato. Results indicated that temperature and world oil prices were significantly affecting price. Seasonal variation of prices are also analyzed in this paper. This paper also use ARIMA and ARMA model to forecast the prices. These results suggest that temperature increase above the limit will lead to increase in prices and support prices also.

Keywords: Whole sale potato prices; pricing factors; Seasonal Variation; determinants of potato; ARIMA & ARMA; forecasting. (search for similar items in EconPapers)
JEL-codes: E3 E31 E37 (search for similar items in EconPapers)
Date: 2015-09-16
New Economics Papers: this item is included in nep-agr, nep-for and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:66678

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