Autoregressive models used for forecasting the prices of crops in Poland Cover Image

Modele autoregresyjne w prognozowaniu cen zbóż w Polsce
Autoregressive models used for forecasting the prices of crops in Poland

Author(s): Agnieszka Tłuczak
Subject(s): Economy
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: crop prices; autoregressive models; forecasting

Summary/Abstract: The forecasting of crop prices is one of the most important factors in making decision on production farms. The appropriate forecast allows for limiting the risk connected with one’s economic activity. In this study autoregressive models have been used, which helped to determine the price forecast for crops in the purchasing centres in 2010. To determine the quality of forecast the average ex-post errors of the past forecasts have been used. The achieved results show that autoregressive models are an effective tool in forecasting the crop prices in Poland.

  • Issue Year: XI/2010
  • Issue No: 2
  • Page Range: 254-263
  • Page Count: 10
  • Language: Polish