V. Mani et al., FORECASTING OF EGG-PRODUCTION AND WHOLESALE EGG PRICE IN COIMBATORE DISTRICT OF TAMIL-NADU, Indian Journal of Animal Sciences, 65(10), 1995, pp. 1148-1153
The growth of poultry farming depends on feed and egg prices and hence
proper planning needs to be made. ?he present paper confined itself t
o the time-series analysis to forecast egg production and wholesale eg
g price in Coimbatore district of Tamil Nadu. Necessary data for egg p
roduction and wholesale egg price from 1977-78 to 1988-89, and January
1959 to March 1990, respectively, were collected from primary sources
. Of the various rime-series models, viz. simple extrapolation models
(linear trend model; log-linear regression equation and autoregressive
trend model); smoothing methods (single exponential smoothing with 0.
2, 0.4, 0.6 and 0.8 as 'alpha' values and adaptive-response-rate singl
e exponential smoothing); decomposition method (ratio-to-moving averag
e decomposition method); and stochastic time-series models (autoregres
sive integrated moving average) applied to egg production and monthly
average wholesale egg price, ratio-to-moving average decomposition met
hod was the appropriate method since it possessed minimum mean squared
error. Also time-series models, viz linear trend model, single expone
ntial smoothing with 'alpha' values as 0.2, 0.4, 0.6 and 0.8 and linea
r moving average applied to monthly rearranged wholesale egg price rev
ealed higher mean squared error as compared to original arrangement (e
arlier to later months).