Short-Term Forecasting of Pork Price Based on The ARIMA Model

Authors

  • Zhuolin Du

DOI:

https://doi.org/10.54097/raf97w16

Keywords:

ARIMATime Series Analysis; Pork Price Forecast; Macroeconomic Management.

Abstract

 China's large population requires a large and diverse amount of food, of which pork is one of the important agricultural products related to the national economy and people's livelihood. Based on the pork price data from 2010 to July 2023, this paper adopts the ARIMA time series model to forecast the pork price in the short term from August 2023 to February 2024 in order to provide a powerful reference for the macroeconomic management of the country. After testing, the ARIMA model has a certain guiding and reference value for predicting the high and low pork prices in the short term, which can provide a decision-making basis for the macroeconomic management of the country.

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References

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Published

20-01-2024

How to Cite

Du, Z. (2024). Short-Term Forecasting of Pork Price Based on The ARIMA Model. Highlights in Business, Economics and Management, 25, 49-54. https://doi.org/10.54097/raf97w16