ISHS Acta Horticulturae 248: International Symposium on Models for Plant Growth, Environmental Control and Farm Management in Protected Cultivation
MARKET MODELS FOR ANALYZING AND FORECASTING THE PRICES OF HORTICULTURAL CROPS |
| Author: | T. Janecke |
| Abstract:
Causal analytic market models which take into account the functional relations between the main price affecting factors are developed to analyze and forecast the price formation on selected German vegetable markets. A pragmatic approach using Newtons iteration algorithm to calculate market equilibriums without parameter estimation is used to determine the structural relationships of such market models. Parameter setting and the choice of different function types can be tested with empirical data by long run simulations. | |
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