Isaac Scientific Publishing

Journal of Advanced Statistics

Forecasting Potato Production in Bangladesh by ARIMA Model

Download PDF (291.8 KB) PP. 191 - 198 Pub. Date: December 1, 2016

DOI: 10.22606/jas.2016.14002

Author(s)

  • Md. Moyazzem Hossain*
    Department of Statistics, Jahangirnagar University, Savar, Dhaka-1342, Bangladesh
  • Faruq Abdulla
    Department of Statistics, Islamic University, Kushtia-7003, Bangladesh

Abstract

Bangladesh is recognized as a rice-eating nation; nevertheless, large quantities of potatoes are produced and consumed each year. In Bangladesh, potato has gradually gained popularity. Potato is used as food crop as well as vegetable by both the poor and rich people. Recently, the government has been trying to diversify food habits and encourage potato consumption to reduce pressure on rice. In this regard, potato can play an important role as an alternative and a multipurpose food crop of Bangladesh. This study considered the published secondary data of yearly potato production in Bangladesh over the period 1971 to 2013. The best selected Box-Jenkins ARIMA model for forecasting the potato production for whole Bangladesh is ARIMA(0,2,1). The comparison between the original series and forecasted series shows that the fitted model behaved statistically well and is suitable to forecast the potato productions in Bangladesh.

Keywords

Potato, time series analysis, forecasting, Bangladesh.

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