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Abstract
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Article Information:
Production and Consumption of Corn in Ghana: Forecasting Using ARIMA Models
Nasiru Suleman and Solomon Sarpong
Corresponding Author: NASIRU SULEMAN
Submitted: March 05, 2012
Accepted: March 24, 2012
Published: July 15, 2012 |
Abstract:
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This study describes an empirical study of modeling and forecasting production and consumption
of corn in Ghana using ARIMA models. The study revealed that ARIMA (2, 1, 1) and ARIMA (1, 1, 0) were
the appropriate models for forecasting production and consumption respectively. Our forecast showed an
increasing pattern in consumption and production of corn. Despite the increase in production, government has
to still invest money into corn production, motivate corn farmers, and implement good policies for better land
tenure systems for corn cultivation to ensure that production always exceeds consumption to avoid importation
of corn into the country. This is imperative because importation could lead to high prices of corn and increase
inflation rate, hence affecting the economy of the country.
Key words: ARIMA , consumption, corn, Ghana , production, ,
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Cite this Reference:
Nasiru Suleman and Solomon Sarpong, . Production and Consumption of Corn in Ghana: Forecasting Using ARIMA Models. Asian Journal of Agricultural Sciences, (4): 249-253.
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ISSN (Online): 2041-3890
ISSN (Print): 2041-3882 |
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