Toll Free Helpline (India): 1800 1234 070

Rest of World: +91-9810852116

Free Publication Certificate

Vol. 11, Special Issue 3 (2022)

Predictive analysis of coconut prices in Odisha: An ARIMA approach

Author(s):
Utkal Keshari Sahoo, RV Chavan and SV Bharati
Abstract:
Coconut is animportant fruit in India and ranked third in the world. The present study was carried out to forecast prices of coconut in APMC Sakhigopal market at Puri district of Odisha. ARIMA method was used for modelling and forecasting the prices of coconut in Sakhigopal market. The results indicated that ARIMA (1, 1, 1) model was the most adequate and efficient model for forecasting the prices of coconut. It also showed that the predicted midpoint price of coconut would be in the range of ₹11,805.21 to 11,825.27 per 1000nuts in Sakhigopal market at Puri district of Odisha for the period January 2021 to December 2022. The forecasted price will also help to fetch the highest sell price, ultimately resulting in the upliftment of the socio-economic status of farmers. It can also be applicable to the Government, NGOs and research institutions to take appropriate measures to ensure the benefits of end-users of the coconut.
Pages: 1625-1628  |  336 Views  144 Downloads
How to cite this article:
Utkal Keshari Sahoo, RV Chavan and SV Bharati. Predictive analysis of coconut prices in Odisha: An ARIMA approach. The Pharma Innovation Journal. 2022; 11(3S): 1625-1628.

Call for book chapter