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Forecasting Maize Price using Exponential Smoothing MethodBy M. Velusamy, K. Senthamarai Kannan
Abstract: Maize is emerging as third most important crop after rice and wheat in India. A better understanding of maize price situation and future prices will facilitate farmers and end users to make appropriate decisions regarding buying and selling patterns; hence government should make adequate policies. Exponential smoothing method is appropriate tool in time series analysis. Forecast of maize price can be done by using simple exponential smoothing method. The forecasted …
Published in Research & Reviews : Journal of Statistics · Vol. 7, Issue 1, 2018 · pp. 91s–95s Read article →