Dynamic model for price of wheat in Bangladesh

Rabbani, Golam and Haque, A. K. M. Ahasanul and Khalek, Abdul (2009) Dynamic model for price of wheat in Bangladesh. European Journal of Social Sciences, 10 (2). pp. 254-263. ISSN 1450-2267

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Abstract

Wheat is the second staple food of Bangladesh. In this paper we constructed a dynamic model for wheat price. Basically we constructed a single equation autoregressive integrated moving average (ARIMA) model of the price (quarterly wholesale wheat price). Standard ARIMA analysis rests on the simplifying assumption that the time series is stationary. So, at first stationary of the series is checked. An ARIMA (1,1,0) (2,1,1)4 model is constructed based on the autocorrelation and partial autocorrelation functions. Finally, forecasts are made based on the model developed.

Item Type:	Article (Journal)
Additional Information:	5056/1348
Uncontrolled Keywords:	Stationary, autoregression, RMSFE, ARIMA
Subjects:	H Social Sciences > HF Commerce > HF5001 Business. Business Administration
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences Kulliyyah of Economics and Management Sciences > Department of Business Administration
Depositing User:	Ms Zati Atiqah Mohamad Tanuri
Date Deposited:	09 Aug 2011 12:23
Last Modified:	24 Nov 2011 08:43
URI:	http://irep.iium.edu.my/id/eprint/1348

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