[Discussion of price forecasting of Notoginseng Radix et Rhizoma based on ARIMA model].

Zhongguo Zhong Yao Za Zhi

State Key Laboratory Breeding Base of Dao-di Herbs, Institute of Chinese Materia Medica, China Academy of Chinese Medical Sciences, Beijing 100700, China.

Published: April 2016

Based on the analysis of price fluctuations on Notoginseng Radix et Rhizoma, this paper takes advantage of the price data of Notoginseng Radix et Rhizoma which specification is 120 from January 2004 to August 2015, using autoregressive integrated moving average model [ARIMA (p, d, q)] forecasting the price of Notoginseng Radix et Rhizoma from September 2015 to August 2016. In the process of determining the form of model, the stability test used to determine the model of p, and the autocorrelation function and particles autocorrelation functions to identify the p and q of model. According to test the model, the forecast minimum error model was identified. In this paper, ARIMA (2,1,3) model was used to predict next year's price of Notoginseng Radix et Rhizoma, for providing information for Notoginseng Radix et Rhizoma growers, pharmaceutical companies.

Download full-text PDF

Source
http://dx.doi.org/10.4268/cjcmm20160832DOI Listing

Publication Analysis

Top Keywords

notoginseng radix
24
radix rhizoma
24
price notoginseng
8
model
7
notoginseng
6
radix
6
rhizoma
6
[discussion price
4
price forecasting
4
forecasting notoginseng
4

Similar Publications

Want AI Summaries of new PubMed Abstracts delivered to your In-box?

Enter search terms and have AI summaries delivered each week - change queries or unsubscribe any time!