2022
DOI: 10.3390/agronomy12092133
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Modeling and Forecasting of Rice Prices in India during the COVID-19 Lockdown Using Machine Learning Approaches

Abstract: Via national lockdowns, the COVID-19 pandemic disrupted the production and distribution of foodstuffs worldwide, including rice (Oryza sativa L.) production, affecting the prices in India’s agroecosystems and markets. The present study was performed to assess the impact of the COVID-19 national lockdown on rice prices in India, and to develop statistical machine learning models to forecast price changes under similar crisis scenarios. To estimate the rice prices under COVID-19, the general time series models, … Show more

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Cited by 16 publications
(8 citation statements)
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“…Due to different food policy responses, fluctuations in staple food prices varied among countries during the COVID-19 pandemic. For example, while rice prices in the US and India increased differently [ 33 , 34 ], there was no significant change in China’s rice price [ 12 ]. Such variations are related to the implementation of food security policies [ 35 ].…”
Section: Discussionmentioning
confidence: 99%
“…Due to different food policy responses, fluctuations in staple food prices varied among countries during the COVID-19 pandemic. For example, while rice prices in the US and India increased differently [ 33 , 34 ], there was no significant change in China’s rice price [ 12 ]. Such variations are related to the implementation of food security policies [ 35 ].…”
Section: Discussionmentioning
confidence: 99%
“…Rice is a vital staple food and one of the major cash crops in Pakistan, ranking third in cultivation and contributing significantly to the country's agricultural sector. It is the primary source of calories for over four billion people globally [1,2]. However, rice yields in the Malakand Division of Khyber Pakhtunkhwa Province, Northwestern Pakistan, remain modest compared to other regions, ranging from 1633 kg ha −1 in Lower Dir to 2323 kg ha −1 in Swat [3].…”
Section: Introductionmentioning
confidence: 99%
“…Another study addressed NN, MRA (multiple regression analysis), and CNDA (chaotic nonlinear dynamic algorithms) models using solar radiation and air temperature data to predict stream water temperature from available sources [42]. Food price prediction data were obtained by analysing the factors affecting the price of a food product by using ML algorithms from different fields [43,44]. ML algorithms significantly contribute to getting concrete and validated predictive data, especially in analyses based on real data.…”
Section: Introductionmentioning
confidence: 99%