A Forecast for Broiler Prices Using the Box-Jenkins Model

Kwangsik Myoung

Journal of Rural Development/Nongchon-Gyeongje, 2005, vol. 28, issue 2

Abstract: Predicting the prices of agricultural products is very difficult because there are so many uncertain factors in the demand and production of the agricultural products. The Box-Jenkins methodology is one of strong tools to forecast especially for the short-term or medium-term using historical observations of time series. In this paper, the Box-Jenkins methodology is applied to find a model to forecast future broiler prices. It turned out that short-term forecast was quite accurate, while mid-term forecast was not accurate because of some economic factors such as decrease of beef demand.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:288266

DOI: 10.22004/ag.econ.288266

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