TAILIEUCHUNG - Forecasting of sheep and goat meat export from India

The purpose of this paper is to study the current trend of export of sheep and goat meat from India and forecasting of the same for next five years by using the time series modelling. Four different Autoregressive Integrated Moving Average (ARIMA) models were fitted to annual sheep and goat meat export (quantity) from India using data records from 1990-1991 to 2017-18. Using goodness of fit criteria . Akaike Information Criterion (AIC) and Bayesian information criterion (BIC), the model with order (0, 0, 2) was considered as most suitable model out of other orders (2, 1, 0), (4, 0, 0)and (1, 4, 0). The forecasting of future annual meat export quantity in leading five years was done using by the best model with higher accuracy Annual sheep and goat meat export from India in five leading years is expected to be having increasing trend observed with positive growth rate (). | EXCELLENT PUBLISHERS International Journal of Current Microbiology and Applied Sciences ISSN 2319-7706 Volume 8 Number 07 2019 Journal homepage http Original Research Article https Forecasting of Sheep and Goat Meat Export from India . Nimbalkar Swati D. Shinde . Nalawade and . Gund Mahatma Phule Krishi Vidyapeeth Rahuri 413722 Dist. Ahmednagar Maharashtra India Corresponding author ABSTRACT Keywords Sheep and goatmeat Export ARIMA Time series Forecasting Article Info Accepted 12 JUne 2019 Available Online 10 July 2019 The purpose of this paper is to study the current trend of export of sheep and goat meat from India and forecasting of the same for next five years by using the time series modelling. Four different Autoregressive Integrated Moving Average ARIMA models were fitted to annual sheep and goat meat export quantity from India using data records from 1990-1991 to 2017-18. Using goodness of fit criteria . Akaike Information Criterion AIC and Bayesian information criterion BIC the model with order 0 0 2 was considered as most suitable model out of other orders 2 1 0 4 0 0 and 1 4 0 . The forecasting of future annual meat export quantity in leading five years was done using by the best model with higher accuracy Annual sheep and goat meat export from India in five leading years is expected to be having increasing trend observed with positive growth rate . Introduction In Indian economy livestock is an important constituent particularly in the agricultural sector. Livestock provides milk meat skin manure wool draft powder and other valuable products. India is on the top in cattle and buffalo population second in goat third in sheep and seventh in Poultry according to livestock census. In rural part of the country where over 15-20 per cent families are landless and about 80 per cent of the land holders belong to the category of small and marginal farmers Savita et al. 2017 so products of .

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