A Mathematical Model for Predicting Future Rice Prices

Authors

  • Muhammad Hafiz Universitas Pembangunan Panca Budi
  • Yuan Anisa Universitas Medan Area
  • Desniarti Universitas Pembangunan Panca Budi

Keywords:

Linear regression, Mathematical models, Rice price prediction.

Abstract

The purpose of this research is to create a mathematical model that is able to predict future rice prices. The research method used is a case study of rice prices in Indonesia using data collected by the Central Statistics Agency (BPS). Linear regression is used as a method of predicting rice prices in the future. In this study, the price of rice is the effect variable and land area, production and consumption are the independent variables. The linear regression equation obtained is Y=157318.387-013X1-1034.254 X2 +0.001X3

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Published

2024-08-20

How to Cite

Hafiz, M., Anisa, Y., & Desniarti. (2024). A Mathematical Model for Predicting Future Rice Prices. 1St International Conference Epicentrum of Economic Global Framework, 1(1), 571–575. Retrieved from https://proceeding.pancabudi.ac.id/index.php/ICEEGLOF/article/view/149

Issue

Vol. 1 No. 1 (2024): 1St International Conference Epicentrum of Economic Global Framework

Section

Articles