Scientia Agricultura Sinica ›› 2011, Vol. 44 ›› Issue (17): 3666-3675.doi: 10.3864/j.issn.0578-1752.2011.17.020

• AGRICULTURAL ECONOMY & MANAGMENT • Previous Articles     Next Articles

Advances in Research of Short-Term Forecasting Methods of Agricultural Product Price

XU  Shi-Wei, LI  Zhe-Min, LI  Gan-Qiong, DONG  Xiao-Xia   

  1. 中国农业科学院农业信息研究所/农业部智能化农业预警技术重点开放实验室/中国农业科学院智能化农业预警技术与系统重点开放实验室
  • Received:2011-01-07 Revised:2011-03-10 Online:2011-09-01 Published:2011-04-25
  • Contact: Gan-Qiong LI E-mail:xushiwei@mail.caas.net.cn

Abstract: This paper reviewed the progress in the theories, methods and their application of short-term forecasting of agricultural product prices at home and abroad. Advantages and disadvantages of the existing research methods were comparatively analyzed and the future research directions were prospected. A conclusion drawn from the research was that the quantitative forecasting method could be divided into econometric forecasting, statistics forecasting, intelligent analysis and combination model as the wide application of mathematical statistics, econometrics, fuzzy mathematics and artificial neural network. In the future, the development of short-term forecasting methods of agricultural product prices will show these characteristics: quantitative analysis will be dominant and large-scale complex of intelligent hybrid model will be increased. Moreover, quantile regression model will be introduced as a new application of short-term forecasting of agricultural product prices.

Key words: agricultural market, market price, short-term forecasting, forecasting method

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