Trend Analysis of the Agricultural Industry Based on Text Analytics

Choi, Solsaem; Kim, Junhwan; Nam, Seungju

doi:10.14771/aim.11.1.1

Cited by 3 publications

(1 citation statement)

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“…When studying the development of agriculture and its impact on the foreign economic security of Ukraine, scientists suggested using economical and statistical as well as economical and mathematical methods, such as trend analysis (Choi et al, 2019), variation analysis (Ma et al, 2021), cluster analysis (Betáková et al, 2018;Bogiday, 2019), regression analysis (Karkacier et al, 2006), factor analysis (Weissenburger-Moser et al, 2017;Laurett et al, 2021) and time series analysis (Sathya & Karthiban, 2021). The specified methods allow us to demonstrate cause-and-effect relationships between the level of foreign economic security and indicators describing the functioning of the agricultural sector.…”

Section: Theoretical Backgroundmentioning

confidence: 99%

Agricultural Development Management in the Context of Ukraine's Foreign Economic Security

Ivanov,

Hurtovyi

2023

EJMI

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Purpose: Unsolved pre-war problems of agricultural production are additionally burdened by ongoing military operations, which have caused inevitable changes in domestic and foreign markets. Identifying and eliminating threats to the development of the agricultural sector will increase the efficiency of agricultural production, which will increase the level of foreign economic security of the country and, at the same time, strengthen global food security. Design / Method / Approach: Based on the data of domestic and international statistical services and organizations, we used economic and statistical methods (regression, trend analysis) and graphically presented the obtained results. Findings: A critically low share of imports negatively affects foreign economic security and pricing in the domestic market. The products export of plant-origin and low-value metals, as opposed to the high-tech products import, is critical. The condition with the provision of fish and fish products, fruits, berries and grapes, eggs, vegetables, and melon food crops is unstable. It depends either on conditions in foreign markets or only on domestic factors. The geographical structure of foreign trade is unsatisfactory and threatening due to excessive imports from China. An inverse correlation between the export volume of Ukrainian agricultural products and the world level of food prices has been established. Theoretical Implications: The work confirms the importance of the Ukrainian agricultural sector in the context of global food security. Practical Implications: We offer a set of actions, the implementation of which will make it possible to eliminate problems in agricultural production that negatively affect the state of foreign economic security. Originality / Value: Work on a highly specialized topic, which includes the development of agricultural processes against the background of ongoing military operations. Research Limitations / Future Research: In further research, it is advisable to consider the importance of the agricultural sector in the system of economic security of different countries since this article is limited to the methodology of the Ukrainian government. Paper type: Empirical JEL Classification: Q11, Q17, Q18

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Section: Theoretical Backgroundmentioning

confidence: 99%

Agricultural Development Management in the Context of Ukraine's Foreign Economic Security

Ivanov,

Hurtovyi

2023

EJMI

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WITHDRAWN: Positive scarcity effect of virtual product position in hunger marketing situation based on the model of psychological ownership and relative deprivation

Zhao

Aarthy

et al. 2021

Aggression and Violent Behavior

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Trend analysis of production dynamics agricultural products

Kostyshyn,

Dudych

2023

ZKMZ

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The research is devoted to the trend analysis of the dynamics of production in agricultural sectors as a tool for forming an optimal program of their functioning in order to establish trends and forecast their further development, as well as to evaluate the method of trend analysis in relation to the scope of its application in the research of agricultural sectors. It is substantiated that the forecasting of economic indicators is possible along trend lines, if their parameters, in particular the approximation coefficient R2 and the correlation coefficient R ensure the necessary reliability of the forecast data. An assessment of the possibility and expediency of applying the technique of horizontal analysis - trend analysis and selection of a trend line was carried out. It was established that when studying the economic indicators of the Lviv region, such as the production of all agricultural products and plant products, the correlation coefficient provides such reliability (1 ≤ R ≥ 0.95), but for the livestock industry, it does not (R=0.56 ). When studying the economic indicators of the crop industry as a whole in Ukraine, such as the production of rapeseed (R=0.74), soybean (R=0.67) and wheat (R=0.48), it was established that the corresponding correlation coefficients do not provide the necessary reliability for forecasting trend lines for the economic forecast of the development of agricultural industries.

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Trend Analysis of the Agricultural Industry Based on Text Analytics

Cited by 3 publications

References 0 publications

Agricultural Development Management in the Context of Ukraine's Foreign Economic Security

Agricultural Development Management in the Context of Ukraine's Foreign Economic Security

WITHDRAWN: Positive scarcity effect of virtual product position in hunger marketing situation based on the model of psychological ownership and relative deprivation

Trend analysis of production dynamics agricultural products

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