A Forecast Model of Agricultural and Livestock Products Price
Abstract
The frequent and excessive fluctuation of
agricultural and livestock products price is not only harmful to
residents' living, but also affects CPI (Consumer Price Index) values,
and even leads to social crisis, which influences social stability.
Therefore it is important to forecast the price of agriculture and
livestock products. As a result, we make a research on the factors
affecting agricultural and livestock products price, establish a
forecasted model of agricultural and livestock products price, and
develop its early-warning system which is suitable to China. Considering
the direct relationship between the price and the output, multiple
linear regression method is adopted to study this problem. The model is
composed of three sub-models. This paper puts forward the concept of
price equilibrium coefficient C0, which describes the degree to which
people accepting the forecasted price. With the establishment of the
standard for the influence of price fluctuation, the influence of price
fluctuation is measured. Each range of the C0 value corresponds with a
specific result, which may informs the government with the danger of
price fluctuation. As a result, the model can early-warn the price
rising caused by crop reduction due to sudden natural disaster, which
may induce social turmoil and crisis. If the forecasted price rises
heavily, the government should take measures to avoid crisis. This paper
offers the method to control future price. At last, a forecasted model
of pork price is calculated with simulated data. The forecasted result
is in good agreement with actual situation.
Origin | Files produced by the author(s) |
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