Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)

<Previous Article In Volume
Next Article In Volume>

Statistical Analysis of Strategic Food Commodity Pricing Trends

Authors
Vynska Amalia Permadi1, *, Herlina Jayadianti1, Partoyo Partoyo1
1National Development University Veteran Yogyakarta, Yogyakarta, Indonesia
*Corresponding author. Email: ynspermadi@upnyk.ac.id
Corresponding Author
Vynska Amalia Permadi
Available Online 4 September 2024.
DOI
10.2991/978-2-38476-247-7_23How to use a DOI?
Keywords
food price; strategic food commodity; trend analysis
Abstract

Strategic food commodities are commodities that have a significant impact on inflation. Their prices can fluctuate considerably due to various factors, including weather conditions, production levels, and demand. Understanding the pricing trends of strategic food commodities is essential for multiple stakeholders, including farmers, traders, consumers, and policymakers. Pricing trend analysis is essential for farmers to make informed production decisions, traders to make informed trading decisions, consumers to make informed purchasing decisions, and policymakers to make informed policy decisions. This research uses statistical analysis to comprehensively overview the pricing trend analysis of ten strategic agricultural commodities in Yogyakarta. The ten commodities are rice, purebred chicken meat, purebred chicken eggs, beef, shallots, garlic, red chili, cayenne pepper, cooking oil, and sugar. The projection information on the best statistical approach can then be used to predict future prices and develop strategies for managing risk.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

<Previous Article In Volume
Next Article In Volume>
Volume Title
Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
4 September 2024
ISBN
978-2-38476-247-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-247-7_23How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Vynska Amalia Permadi
AU  - Herlina Jayadianti
AU  - Partoyo Partoyo
PY  - 2024
DA  - 2024/09/04
TI  - Statistical Analysis of Strategic Food Commodity Pricing Trends
BT  - Proceedings of the 2nd International Conference on Advance Research in Social and Economic Science (ICARSE 2023)
PB  - Atlantis Press
SP  - 204
EP  - 211
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-247-7_23
DO  - 10.2991/978-2-38476-247-7_23
ID  - Permadi2024
ER  -