2022
DOI: 10.1002/agr.21773
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Forecasting drinking milk price based on economic, social, and environmental factors using machine learning algorithms

Abstract: The study aimed to describe and test machine learning (ML)-based algorithms to evaluate the unit price of drinking milk. The algorithms were applied to the data collected over 8 years in 2014 and 2021 related to the price of drinking milk in Turkey. The economic, social, and environmental factors that have an impact on the unit price of drinking milk were evaluated. Five ML algorithms, including random forest, gradient boosting, support vector machine (SVM), neural network, and AdaBoost algorithms, were utiliz… Show more

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Cited by 20 publications
(14 citation statements)
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“…Analysing historical data allows us to make informed management decisions, guiding business strategies and providing insights into future trends. (Abraham et al, 2020;Atalan, 2023). This research compares traditional time series forecasting techniques with artificial neural networks.…”
Section: Table 5 Forecast Monthly Values Of the Number Of Cattle And ...mentioning
confidence: 99%
“…Analysing historical data allows us to make informed management decisions, guiding business strategies and providing insights into future trends. (Abraham et al, 2020;Atalan, 2023). This research compares traditional time series forecasting techniques with artificial neural networks.…”
Section: Table 5 Forecast Monthly Values Of the Number Of Cattle And ...mentioning
confidence: 99%
“…where 𝑡 i denotes the coefficient of the decision variables with {i = 1, 2, … , n}. [48]. If the term f is a cost, it tries to minimize the objective function; otherwise, if the term f is a revenue, it tries to maximize the objective function.…”
Section: Optimization Modelsmentioning
confidence: 99%
“…This version is preferred according to the purpose of the problem. Generally, the minimum preference is for the cost or time, while the maximum preference is for high-value purposes such as annual income or production amount [69]. Each optimization model has a limit of decision variables.…”
Section: Optimization Modelsmentioning
confidence: 99%