Abstract
This paper attempts forecasting the sugarcane area, production and productivity and sugar production of Indiaand as well as major sugarcane growing states of India through fitting of univariate Auto Regressive Integrated Moving Average (ARIMA) models. The data on sugarcane area, production and productivity and sugar production collected from 1950–2012 has been used for present study. For Uttar Pradesh, ARIMA(2, 1, 2) model is found bestfor area and Uttar Pradesh would grow sugarcane in an area of 2397.53 thousand in 2020. In case of Tamil Nadu productivity, ARIMA (2, 1, 2) is found appropriate and same would be 104.25 tons per hectare in 2020. ARIMA (3, 1, 3) model for sugarcane area; ARIMA(2, 1, 1) model is found appropriate for sugarcane production, productivityand sugar production in India. The performances of models are validated by comparing with actual values. Using the models developed, forecast values for sugarcane area, production, productivity and sugar production are worked out for subsequent years. These projections will help in making good policies with respect to the production scenario the country.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
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.