TIME SERIES ARIMA BASED FORECASTING OF RICE PRICE

被引:0
|
作者
Garov, Arun Kumar [1 ]
Awasthi, A. K. [1 ]
机构
[1] Lovely Profess Univ, Dept Math, Jalandhar 144402, India
关键词
Agriculture; Rice; Quantitybased time series; Forecasting; ARIMA model; MODEL;
D O I
10.59467/IJASS.2023.19.285
中图分类号
S [农业科学];
学科分类号
09 ;
摘要
Rice crop is one of the most produced crops in India due to this the price of rice is also an important factor for buyers and suppliers (Farmers). In this article, the discussion, and methodology are used for time series forecasting of the Indian rice price with Autoregressive Integrated Moving Average Models. The model is based on historical data of Time series data for the Indian rice price in terms of Indian rupee per metric ton and the model applied for the computational forecasting analysis from June 2022 to December 2038 of the Indian rice price is ARIMA model with different possible orders which are suitable for the quantity-based data set. Evaluation of the model is done by MAPE and the process is carried out by SPSS.
引用
收藏
页码:285 / 303
页数:19
相关论文
共 50 条
  • [21] Time series forecasting of stock price of AirAsia Berhad using ARIMA model during COVID-19
    Singh, Rakesh Kumar
    Verma, Vijay Kumar
    Kumar, Nitendra
    Agarwal, Priyanka
    Tiwari, Sadhana
    JOURNAL OF STATISTICS AND MANAGEMENT SYSTEMS, 2023, 26 (06) : 1421 - 1429
  • [22] Next Day Price Forecasting in Deregulated Market by Combination of Artificial Neural Network and ARIMA Time Series Models
    Areekul, Phatchakorn
    Senjyu, Tomonobu
    Urasaki, Naomitsu
    Yona, Atsushi
    ICIEA 2010: PROCEEDINGS OF THE 5TH IEEE CONFERENCE ON INDUSTRIAL ELECTRONICS AND APPLICATIONS, VOL 3, 2010, : 299 - 304
  • [23] Next day price forecasting in deregulated market by combination of artificial neural network and ARIMA time series models
    Areekul, Phatchakorn
    Senjyu, Tomonobu
    Urasaki, Naomitsu
    Yona, Atsushi
    IEEJ Transactions on Power and Energy, 2009, 129 (10) : 1267 - 1274
  • [24] Time Series Analysis: An application of ARIMA model in stock price forecasting Taking Apple lnc. as an example
    Dong, Yichen
    Li, Siyi
    Gong, Xueqin
    PROCEEDINGS OF THE 2017 INTERNATIONAL CONFERENCE ON INNOVATIONS IN ECONOMIC MANAGEMENT AND SOCIAL SCIENCE (IEMSS 2017), 2017, 29 : 703 - 710
  • [25] Forecasting of Renewable Energy Production in United States: An ARIMA Based Time Series Analysis
    Rajni
    Banerjee, Tuhin
    Kumar, Prashant
    INTERNATIONAL CONFERENCE ON ADVANCES IN CIVIL ENGINEERING, ICACE 2022, 2024, 3010
  • [26] Time Series Forecasting in Turning Processes Using ARIMA Model
    Jimenez-Cortadi, Alberto
    Boto, Fernando
    Irigoien, Itziar
    Sierra, Basilio
    Rodriguez, German
    INTELLIGENT DISTRIBUTED COMPUTING XII, 2018, 798 : 157 - 166
  • [27] Partitioning and interpolation based hybrid ARIMA-ANN model for time series forecasting
    Babu, C. Narendra
    Sure, Pallaviram
    SADHANA-ACADEMY PROCEEDINGS IN ENGINEERING SCIENCES, 2016, 41 (07): : 695 - 706
  • [28] Corn futures price forecast based on Arima time series and support vector machine
    Wu Shengchao
    Shao Fengjing
    Sun Rencheng
    2018 4TH INTERNATIONAL CONFERENCE ON SYSTEMS, COMPUTING, AND BIG DATA (ICSCBD 2018), 2019, : 41 - 49
  • [29] A Fuzzy Filter Based Hybrid ARIMA-ANN Model for Time Series Forecasting
    Panigrahi, Sibarama
    Behera, H. S.
    Abraham, Ajith
    PROCEEDINGS OF THE EIGHTH INTERNATIONAL CONFERENCE ON SOFT COMPUTING AND PATTERN RECOGNITION (SOCPAR 2016), 2018, 614 : 592 - 601
  • [30] Time Series ARIMA Models for Daily Price of Palm Oil
    Ariff, Noratiqah Mohd
    Zamhawari, Nor Hashimah
    Abu Bakar, Mohd Aftar
    2ND ISM INTERNATIONAL STATISTICAL CONFERENCE 2014 (ISM-II): EMPOWERING THE APPLICATIONS OF STATISTICAL AND MATHEMATICAL SCIENCES, 2015, 1643 : 283 - 288