Abstract
The study attempted to forecast the prices of some selected foodstuff in Borno state, Nigeria using a database of the International Institute of Tropical Agriculture Ibadan. These data were on the monthly prices of selected foodstuff in Borno state, which covered a period of nine years (1992-2000). Projection was made by running a regression using exponential functional form; Theil's inequality test was used to test the perfection of the projected prices. Empirical' evidence from the analysis shows that 55% of the staple foodstuff prices were rightly predicted while 45% were wrongly predicted in the urban market. Also in the rural market, 73% of the prices were rightly predicted while 27% were wrongly predicted. The knowledge of this projection will help the policy makers in Borno state towards the achievement of efficient marketing strategies. Journal of Agriculture and Social Research Vol. 4 (2) 2004: 90-99
Sign-in/Register to access full text options 
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 callDisclaimer: 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.
