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Forecasting of Apple Production in the Republic of Srpska

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  • Nedeljković, Miroslav
  • Potrebić, Velibor

Abstract

The main paper goal is to create an adequate trend model by applying a quantitative research method, i.e. trend analysis that will enable prediction of apple production in the Republic of Srpska for a three-year period (2019-2021). Trend analysis involved the use of linear, quadratic and exponential trend models. Prediction is based on data time series for the period 1998-2018. Gained results show that although the unstable production it could be expected the growth of total production and number of apple trees, while apple yields are expected to decline in the observed period. Obtained results can serve for strategic approach in further development of this sector of fruit production.

Suggested Citation

  • Nedeljković, Miroslav & Potrebić, Velibor, 2020. "Forecasting of Apple Production in the Republic of Srpska," Western Balkan Journal of Agricultural Economics and Rural Development (WBJAERD), Institute of Agricultural Economics, vol. 2(1), January.
    • Handle: RePEc:ags:iepwbj:305291
    DOI: 10.5937/WBJAE2001021N
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    References listed on IDEAS

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    1. Makridakis, Spyros & Hibon, Michele, 2000. "The M3-Competition: results, conclusions and implications," International Journal of Forecasting, Elsevier, vol. 16(4), pages 451-476.
    2. Goodwin, Paul & Lawton, Richard, 1999. "On the asymmetry of the symmetric MAPE," International Journal of Forecasting, Elsevier, vol. 15(4), pages 405-408, October.
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