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A Forecast for Broiler Prices Using the Box-Jenkins Model

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  • Myoung, Kwangsik

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.

Suggested Citation

  • Myoung, Kwangsik, 2005. "A Forecast for Broiler Prices Using the Box-Jenkins Model," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 28(2), July.
    • Handle: RePEc:ags:jordng:288266
    DOI: 10.22004/ag.econ.288266
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    Keywords

    Demand and Price Analysis;

    Statistics

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