IDEAS home Printed from https://ideas.repec.org/a/gam/jagris/v15y2025i2p162-d1566021.html
   My bibliography  Save this article

A Vegetable-Price Forecasting Method Based on Mixture of Experts

Author

Listed:
  • Chenyun Zhao

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China
    These authors contributed equally to this work.)

  • Xiaodong Wang

    (Beijing Digital Agriculture Rural Promotion Center, Beijing 101117, China
    These authors contributed equally to this work.)

  • Anping Zhao

    (Beijing Digital Agriculture Rural Promotion Center, Beijing 101117, China)

  • Yunpeng Cui

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Ting Wang

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Juan Liu

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Ying Hou

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Mo Wang

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Li Chen

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Huan Li

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Jinming Wu

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

  • Tan Sun

    (Agricultural Information Institute, Chinese Academy of Agricultural Sciences, Beijing 100081, China
    Key Laboratory of Agricultural Big Data, Ministry of Agriculture and Rural Affairs, Beijing 100081, China)

Abstract

The accurate forecasting of vegetable prices is crucial for policy formulation, market decisions, and agricultural market stability. Traditional time-series models often require manual parameter tuning and struggle to effectively handle the complex non-linear characteristics of vegetable price data, limiting their predictive accuracy. This study conducts a comprehensive analysis of the performance of traditional methods, deep learning approaches, and cutting-edge large language models in vegetable-price forecasting using multiple predictive performance metrics. Experimental results demonstrate that large language models generally outperform other methods, but do not have consistent performance for all kinds of vegetables across different time scales. As a result, we propose a novel vegetable-price forecasting method based on mixture of expert models (VPF-MoE), which combines the strengths of large language models and deep learning methods. Different from the traditional single model prediction method, VPF-MoE can dynamically adapt to the characteristics of different vegetable types, dynamically select the best prediction method, and significantly improve the accuracy and robustness of the prediction. In addition, we optimized the application of large language models in vegetable-price forecasting, offering a new technological pathway for vegetable-price prediction.

Suggested Citation

  • Chenyun Zhao & Xiaodong Wang & Anping Zhao & Yunpeng Cui & Ting Wang & Juan Liu & Ying Hou & Mo Wang & Li Chen & Huan Li & Jinming Wu & Tan Sun, 2025. "A Vegetable-Price Forecasting Method Based on Mixture of Experts," Agriculture, MDPI, vol. 15(2), pages 1-19, January.
  • Handle: RePEc:gam:jagris:v:15:y:2025:i:2:p:162-:d:1566021
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2077-0472/15/2/162/pdf
    Download Restriction: no

    File URL: https://www.mdpi.com/2077-0472/15/2/162/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Beckert, Jens, 2011. "Where do prices come from? Sociological approaches to price formation," MPIfG Discussion Paper 11/3, Max Planck Institute for the Study of Societies.
    2. Zhuohan Wang & Carmine Ventre, 2024. "A Financial Time Series Denoiser Based on Diffusion Model," Papers 2409.02138, arXiv.org.
    3. Yuliang Cao & Muhammad Mohiuddin, 2019. "Sustainable Emerging Country Agro-Food Supply Chains: Fresh Vegetable Price Formation Mechanisms in Rural China," Sustainability, MDPI, vol. 11(10), pages 1-14, May.
    4. Xinhe Liu & Wenmin Wang, 2024. "Deep Time Series Forecasting Models: A Comprehensive Survey," Mathematics, MDPI, vol. 12(10), pages 1-33, May.
    5. Feihu Sun & Xianyong Meng & Yan Zhang & Yan Wang & Hongtao Jiang & Pingzeng Liu, 2023. "Agricultural Product Price Forecasting Methods: A Review," Agriculture, MDPI, vol. 13(9), pages 1-20, August.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Jean Finez & Pierre Brasseur, 2020. "The economies of sexuality [Les économies de la sexualité]," Post-Print hal-03022199, HAL.
    2. Wang, Pengfei, 2019. "Price space and product demography: Evidence from the workstation industry, 1980–1996," Research Policy, Elsevier, vol. 48(9), pages 1-1.
    3. Arthanus Mutuku & Peter Murage & Stanley Sewe, 2024. "Application of SARIMAX model to forecast weekly Irish potato retail prices: a case study of Kitui County, Kenya," SN Business & Economics, Springer, vol. 4(11), pages 1-28, November.
    4. Fabien Eloire & Jean Finez, 2023. "Prices as social facts: A sociological approach to price setting," Post-Print hal-03816307, HAL.
    5. Jiancheng Qin & Hui Tao & Minjin Zhan & Qamar Munir & Karthikeyan Brindha & Guijin Mu, 2019. "Scenario Analysis of Carbon Emissions in the Energy Base, Xinjiang Autonomous Region, China," Sustainability, MDPI, vol. 11(15), pages 1-18, August.
    6. Anisa Dwi Utami & Harianto Harianto & Bayu Krisnamurthi, 2023. "Exploring the pattern of price interdependence in rice market in Indonesia in the presence of quality differential," Cogent Economics & Finance, Taylor & Francis Journals, vol. 11(1), pages 2178123-217, December.
    7. Shailendra Gurjar & Usha Ananthakumar, 2023. "The economics of art: price determinants and returns on investment in Indian paintings," International Journal of Social Economics, Emerald Group Publishing Limited, vol. 50(6), pages 839-859, January.
    8. Lis-Plesińska, Aleksandra, 2022. "Predictions of electricity prices as embedded devices for coordinating European futures," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 24(1), pages 11-17.
    9. Hamid Ahaggach & Lylia Abrouk & Eric Lebon, 2024. "Systematic Mapping Study of Sales Forecasting: Methods, Trends, and Future Directions," Forecasting, MDPI, vol. 6(3), pages 1-31, July.
    10. Tröster, Bernhard & Staritz, Cornelia & Grumiller, Jan & Maile, Felix, 2019. "Commodity dependence, global commodity chains, price volatility and financialisation: Price-setting and stabilisation in the cocoa sectors in Côte d'Ivoire and Ghana," Working Papers 62, Austrian Foundation for Development Research (ÖFSE).
    11. Reinke, Rouven, 2021. "Das Verhältnis von neuer Wirtschaftssoziologie und moderner Volkswirtschaftslehre: Möglichkeiten und Grenzen einer soziologischen Kritik am (neoklassischen) Mainstream," ZÖSS-Discussion Papers 83, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    12. Staritz, Cornelia & Tröster, Bernhard & Wojewska, Aleksandra, 2023. "Price-making in mineral provisioning systems and social-ecological transformation? The cases of copper, cobalt and lithium," Working Papers 74, Austrian Foundation for Development Research (ÖFSE).
    13. Ali Kabiri & Harold James & John Landon-Lane & David Tuckett & Rickard Nyman, 2020. "The Role of Sentiment in the Economy: 1920 to 1934," CESifo Working Paper Series 8336, CESifo.
    14. Nouguez, Etienne, 2014. "Governing the market through prices: The state and controls on the price of medicines in France," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 15(2), pages 41-48.
    15. Elias Dritsas & Maria Trigka, 2025. "A Survey on Cybersecurity in IoT," Future Internet, MDPI, vol. 17(1), pages 1-32, January.
    16. Kracman, Kimberly, 2022. "Code as constitution: The negotiation of a uniform accounting code for U.S. railway corporations and the moral justification of stakeholder claims on wealth," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 89(C).
    17. Mengshuai Zhu & Chen Shen & Yajun Tian & Jianzhai Wu & Yueying Mu, 2022. "Factors Affecting Smallholder Farmers’ Marketing Channel Choice in China with Multivariate Logit Model," Agriculture, MDPI, vol. 12(9), pages 1-11, September.
    18. Yayan Xie & Yang Su & Feng Li, 2022. "The Evolutionary Game Analysis of Low Carbon Production Behaviour of Farmers, Government and Consumers in Food Safety Source Governance," IJERPH, MDPI, vol. 19(19), pages 1-16, September.
    19. Kjellberg, Hans & Sjögren, Ebba & Krafve, Linus Johansson, 2023. "The functions of known to be inaccurate prices in markets: A cross-country comparison of pharmaceutical list pricing," Journal of Business Research, Elsevier, vol. 167(C).
    20. Francisco Benitez‐Altuna & Valentina C. Materia & Jos Bijman & Daniel Gaitán‐Cremaschi & Jacques Trienekens, 2024. "Farmer–buyer relationships and sustainable agricultural practices in the food supply chain: The case of vegetables in Chile," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 3-30, January.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jagris:v:15:y:2025:i:2:p:162-:d:1566021. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.