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Regression Analysis of Variables Describing Poultry Meat Supply in European Countries

Author

Listed:
  • Simonič Miro

    (Business School Murska Sobota, Noršinska ulica 13, 9000 Murska Sobota, Slovenia)

  • Dumičić Ksenija

    (University of Zagreb, Faculty of Business & Economics, Department of Statistics, Trg J. F. Kennedyja 6, 1000 Zagreb, Croatia)

  • Devetak Gabrijel

    (Faculty of Commercial and Business Sciences, Lava 7, 3000 Celje, Slovenia)

Abstract

In this paper, based on the analysis of official FAOSTAT and EUROSTAT data on poultry meat for 38 European countries for years 2007 and 2009, two hypotheses were examined. Firstly, considering four clustering variables on poultry meat, i.e. production, export and import in kg/capita, as well as the producer price in US $/t, using descriptive exploratory and cluster analysis, the hypothesis that the clusters of countries may be recognized was confirmed. As a result six clusters of similar countries were distinguished. Secondly, based on multiple regression analysis, this paper proofs that there exists the statistically significant relationship of poultry meat production on export and import of that kind of meat, all measured in kg/capita. There is also a high correlation between production, as a dependent, and each of two independent variables.

Suggested Citation

  • Simonič Miro & Dumičić Ksenija & Devetak Gabrijel, 2012. "Regression Analysis of Variables Describing Poultry Meat Supply in European Countries," Organizacija, Sciendo, vol. 45(6), pages 289-299, November.
    • Handle: RePEc:vrs:organi:v:45:y:2012:i:6:p:289-299:n:3
    DOI: 10.2478/v10051-012-0028-y
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