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2012 (Vol. 4, Issue: 4)
Article Information:

Production and Consumption of Corn in Ghana: Forecasting Using ARIMA Models

Nasiru Suleman and Solomon Sarpong
Corresponding Author:  NASIRU SULEMAN 

Key words:  ARIMA , consumption, corn, Ghana , production, ,
Vol. 4 , (4): 249-253
Submitted Accepted Published
March 05, 2012 March 24, 2012 July 15, 2012
Abstract:

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.
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  Cite this Reference:
Nasiru Suleman and Solomon Sarpong, 2012. Production and Consumption of Corn in Ghana: Forecasting Using ARIMA Models.  Asian Journal of Agricultural Sciences, 4(4): 249-253.
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ISSN (Online):  2041-3890
ISSN (Print):   2041-3882
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