Journals / Ankara Üniversitesi Veteriner Fakültesi Dergisi / 2020 / Cilt: 67 - Sayı: 2

Honey price estimation for the future in Turkey; example of 2019- 2020

Türkiye’de bal fiyatlarının geleceğe yönelik kestirimi; 2019-2020 örneği

Pages
143–152
Publication Date
2022-10-12
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

The price forecasts in this study will be useful for producers and those involved in sale of honey with respect to prediction of how the honey prices will change in the years to come

📌 3 Key Takeaways

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Objective & Hypothesis:The purpose of the present study is to develop models for the time series data of honey prices in Turkey between1998 and 2018 using Box-Jenkins and Winter's Exponential Smoothing methods and to evaluate the TRY- and US$-denominated forecasts made using such models for 2019-2020.
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Key Findings & Data:The method employed to analyse the time series data is the Seasonal Auto Regressive Integrated Moving Average (SARIMA).
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Conclusion & Impact:The price forecasts in this study will be useful for producers and those involved in sale of honey with respect to prediction of how the honey prices will change in the years to come
🔬Design:Modeling & Simulation
📍Scope:2018 Verileri
⚙️Variables:Domain Parameters

Abstract

The purpose of the present study is to develop models for the time series data of honey prices in Turkey between1998 and 2018 using Box-Jenkins and Winter's Exponential Smoothing methods and to evaluate the TRY- and US$-denominated forecasts made using such models for 2019-2020. The method employed to analyse the time series data is the Seasonal Auto Regressive Integrated Moving Average (SARIMA). The most suitable model to forecast the honey prices was found to be SARIMA (2,1,2)(1,0,1) for TRY-denominated prices and SARIMA (0,1,3)(0,0,0) for US$-denominated prices. It was forecast that the average price of 1 kg of honey would be 49.08 TRY/6.15 US$ at the end of 2020. Since the study will provide beekeepers with information on future prices, itwill help them better plan their production activities. The price forecasts in this study will be useful for producers and those involved in sale of honey with respect to prediction of how the honey prices will change in the years to come

Özet

Bu çalışmada, Türkiye’de 1998-2018 yıllarına ait aylık bal fiyatları zaman serisinin Box-Jenkins ve Winter’s Üstel Düzgünleştirme yöntemleri ile modellenerek ve bu modellerin 2019-2020 yılları arasında TL ve dolar bazında öngörülerinin değerlendirilmesi amaçlanmıştır. Zaman serilerinin analizlerinde mevsimsel otoregresif hareketli ortalama (SARIMA- Seasonal Autoregressive Integrated Moving Average) yöntemi kullanılmıştır. Bal fiyatları için belirlenen en uygun tahmin modeli TL bazında SARIMA(2,1,2)(1,0,1) modeli ve dolar bazında SARIMA(0,1,3)(0,0,0) modeli olduğu tespit edilmiştir. Çalışma sonucunda 2020 yılı sonunda bal fiyatlarının doğrusal artış ile ortalama 49.08 TL/kg ve 6.15 US$ olacağı tahmin edilmiştir. Sonuç olarak arıcılıkla uğraşanların gelecekteki fiyatlar hakkında bilgi sahibi olmaları onlara üretim faaliyetinin planlanmasında faydalı bilgiler sağlayacaktır. Çalışmada yapılan fiyat tahminleri balın satış aşamasında faaliyet gösteren kişiler ve üreticiler için ürün fiyatlarının nasıl şekilleneceği konusunda öngörü sahibi olmalarını sağlayacaktır.

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Cite This Article

ARIKAN, M. S., ÇEVRİMLİ, M. B., TEKİNDAL, M. A. (2022). Honey price estimation for the future in Turkey; example of 2019- 2020. Ankara Üniversitesi Veteriner Fakültesi Dergisi, Cilt: 67 - Sayı: 2, 143–152. https://ajindex.com/articles/444481

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