FORECASTING CORN PRODUCTION IN SERBIA USING ARIMA MODEL

  • Ivana Ilić, Ph.D. student University of Niš, Faculty of Economics
  • Sonja Jovanović, Ph.D. University of Niš, Faculty of Economics
  • Vesna Janković – Milić, Ph.D. University of Niš, Faculty of Economics

Abstract

Agricultural crop production is closely related to climate, as a decisive success factor. Temperature fluctuations and changes in the volume of precipitation are the main factors affecting the growth and development of crops, and, ultimately, the quantity produced. Corn is the most common crop necessary to provide for domestic needs, and a strategic product for export. Production of corn in the period from 1947 to 2014 in Serbia had an oscillatory trend, with signifcant jumps and falls in production. The subject of this paper is the forecasting of future trends in corn production in Serbia. Building on the subject, the purpose of this paper is to create the model for forecasting future corn production and establishingits trends.

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Published
2016-12-31
How to Cite
ILIĆ, Ivana; JOVANOVIĆ, Sonja; JANKOVIĆ – MILIĆ, Vesna. FORECASTING CORN PRODUCTION IN SERBIA USING ARIMA MODEL. Economics of Agriculture, [S.l.], v. 63, n. 4, p. 1141-1156, dec. 2016. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/150>. Date accessed: 30 oct. 2020. doi: https://doi.org/10.5937/ekoPolj1604141I.
Section
Original scientific papers