PRICE FORECASTING OF FULLY DRESSED CHICKEN IN THE PHILIPPINES
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https://doi.org/10.46827/ejefr.v7i2.1459##semicolon##
chicken##common.commaListSeparator## forecasting##common.commaListSeparator## ARMA/ARIMA##common.commaListSeparator## chicken price##article.abstract##
The Philippine chicken industry has been dominated by backyard farmers. This study was conducted to determine the market trend and forecast the price of fully dressed chicken in Davao City. A monthly time series of secondary data was used in the study obtained from the Philippine Statistics Authority (PSA) from January 1990 to January 2021, analyzed using an ARMA/ARIMA model to forecast the price and analyze the trend. The result revealed that the best-fit model was ARIMA (3, 1, 1), which indicated high price volatility throughout the analysis (p-value = 0.000) and the model indicates that the forecasted price from 2021-2024 is consistent.
JEL: Q10; Q12; Q13
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