Abstract

This paper presents the application of autoregressive integrated moving average (ARIMA) models to forecast the demand of fresh produce (fruits and vegetables) on a daily basis. Models were built using 25 months sales data of onion from Ahmedabad market in India. Results show that the model can be used to forecast the demand with mean absolute percentage error (MAPE) of 43.14%. This error is within the acceptable limit for fruits and vegetable markets with highly fluctuating demand pattern. The model was validated taking sales data for the same commodity from a different vegetable market. The proposed forecasting model can be used to assist the farmers in determining the volume of daily harvesting for fruits and vegetables.

Full Text
Paper version not known

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.