Forecasting wholesale prices of maize in Tanzania using Arima model
Joint Authors
Kibona, Shadrack Elia
Mbago, Maurice Chakusaga
Source
General Letters in Mathematics
Issue
Vol. 4, Issue 3 (30 Jun. 2018), pp.131-141, 11 p.
Publisher
Refaad Center for Studies and Research
Publication Date
2018-06-30
Country of Publication
Jordan
No. of Pages
11
Main Subjects
Abstract EN
This paper aimed at modeling and forecasting wholesale prices of maize in Tanzania using Autoregressive Integrated Moving average model for data from February 2004 to August 2017 obtained from the Bank of Tanzania.
Maize crop growers lack fundamental knowledge on which periods do prices of their harvests rise up.
The empirical study found ????? (?,?,?) as the best model for maize wholesale price based on minimum Akaike`s Information Criterion (AIC) and the fitted model was found to be adequate using Ljung-Box test.
The forecasted prices show an increase from September 2017 to January 2018 and then to June 2018 with the maximum price in June 2018 for the forecasted horizon.
The forecasted prices decrease up to January 2019 and increase thereafter.
American Psychological Association (APA)
Kibona, Shadrack Elia& Mbago, Maurice Chakusaga. 2018. Forecasting wholesale prices of maize in Tanzania using Arima model. General Letters in Mathematics،Vol. 4, no. 3, pp.131-141.
https://search.emarefa.net/detail/BIM-937310
Modern Language Association (MLA)
Kibona, Shadrack Elia& Mbago, Maurice Chakusaga. Forecasting wholesale prices of maize in Tanzania using Arima model. General Letters in Mathematics Vol. 4, no. 3 (Jun. 2018), pp.131-141.
https://search.emarefa.net/detail/BIM-937310
American Medical Association (AMA)
Kibona, Shadrack Elia& Mbago, Maurice Chakusaga. Forecasting wholesale prices of maize in Tanzania using Arima model. General Letters in Mathematics. 2018. Vol. 4, no. 3, pp.131-141.
https://search.emarefa.net/detail/BIM-937310
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 140-141
Record ID
BIM-937310