Modelling of slaughter pigs’ prices in the Czech Republic using stochastic models

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00027251%3A_____%2F18%3AN0000014" target="_blank" >RIV/00027251:_____/18:N0000014 - isvavai.cz</a>
Alternative codes found
RIV/61384399:31140/18:00052414
Result on the web
<a href="https://mme2018.fm.vse.cz/wp-content/uploads/2018/09/MME2018-Electronic_proceedings.pdf" target="_blank" >https://mme2018.fm.vse.cz/wp-content/uploads/2018/09/MME2018-Electronic_proceedings.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Modelling of slaughter pigs’ prices in the Czech Republic using stochastic models
Original language description
Despite that the economic situation in pig meat sector improved in years 2015 and 2016, second half of 2017 was worse again due to decrease of slaughter pig price that tends to be highly volatile. Knowing the future price of slaughter pigs can minimize the risks related to the decision-making at pig farms. Hence, the aim of the paper is to find optimal model that can be used for modelling and predicting of monthly prices of slaughter pigs. Data from 01/1998 to 06/2016 are used to predict slaughter pig price for period 07/2016–06/2017. Two types of stochastic models are used. First, the development of slaughter pig meat producers’ prices is modelled by Seasonal Autoregressive Integrated Moving Averages (SARIMA) model. Consequently, the relations with monthly prices of fodder plants (available only for period 02/2006–06/2016) are searched using Vector Autoregressive (VAR) model.
Czech name
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Czech description
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Project
<a href="/en/project/GBP402%2F12%2FG097" target="_blank" >GBP402/12/G097: DYME-Dynamic Models in Economics</a><br>
Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
36th International Conference Mathematical Methods in Economics
ISBN
978-80-7378-371-6
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
539-544
Publisher name
Faculty of Management, University of Economics, Prague
Place of publication
Jindřichův Hradec
Event location
Jindřichův Hradec
Event date
Sep 12, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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