An Early Warning Method for Basic Commodities Price Based on Artificial Neural Networks

The prices of products belonging to the basic family basket are an important component in the income of producers and consumer spending; its excessive variations constitute a source of uncertainty and risk that affects producers, since it prevents the realization of long-term investment plans, and c...

Full description

Autores:
Silva, Jesús
Varela, Noel
Martínez Caraballo, Hugo
García Guiliany, Jesús
Cabas Vásquez, Luis Carlos
Navarro Beltrán, Jorge
León Castro, Nadia
Tipo de recurso:
http://purl.org/coar/resource_type/c_816b
Fecha de publicación:
2019
Institución:
Corporación Universidad de la Costa
Repositorio:
REDICUC - Repositorio CUC
Idioma:
eng
OAI Identifier:
oai:repositorio.cuc.edu.co:11323/5133
Acceso en línea:
https://hdl.handle.net/11323/5133
https://repositorio.cuc.edu.co/
Palabra clave:
Forecast
Multiple Input Multiple Output
Multilayer perceptron
Predictive model
Cyclic variation
Support vector machines
Rights
openAccess
License
CC0 1.0 Universal
Description
Summary:The prices of products belonging to the basic family basket are an important component in the income of producers and consumer spending; its excessive variations constitute a source of uncertainty and risk that affects producers, since it prevents the realization of long-term investment plans, and can refuse lenders to grant them credit. His study to identify these variations, as well as to detect their sources, is then of great importance. The analysis of the variations of the prices of the basic products over time, include seasonal patterns, annual fluctuations, trends, cycles and volatility. Because of the advance in technology, applications have been developed based on Artificial Neural Networks (ANN) which have helped the development of massive sales forecast on consumer products, improving the accuracy of traditional forecasting systems. This research uses the RNA to develop an early warning system for facing the increase in basic agricultural products, considering seasonal factors.