ISSN 2284-7995, ISSN Online 2285-3952
 

FORECAST MODELING OF FOREIGN TRADE IN AGRICULTURAL COMPLEX PRODUCTS BETWEEN UKRAINE AND ROMANIA

Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 22 ISSUE 3
Written by Olesia TOTSKA

The article presents forecast modeling of foreign trade between Ukraine and Romania by separate groups of agro-industrial goods. Indicators were forecast for three years (2022-2024) based on actual data for eleven years (2011-2021). Five trend models (exponential, linear, logarithmic, polynomial, and power) were constructed for each indicator and only one with the highest value of the reliability of the approximation R² was selected. The constructed trend models indicate a positive trend in 2022-2024 for preparations of grains, cocoa and cocoa preparations, sugar and sugar confectionery, animal or plant fats and oils; in 2023-2024 – for meat and meat preparations, alcoholic and non-alcoholic beverages, vinegar. At the same time, the forecast models indicate an increase in imports of tobacco and its industrial substitutes in 2023-2024, a decrease in imports of cereals over the same period, an increase in imports of other mixed foodstuffs in 2022-2024. Of the nine selected models, six are polynomial, one is power, one is logarithmic, and one is exponential. Two of them have a very high degree of reliability of the approximation R² (>0.9) and, accordingly, a high probability of forecast prediction.

[Read full article] [Citation]

TOTSKA O. 2022, FORECAST MODELING OF FOREIGN TRADE IN AGRICULTURAL COMPLEX PRODUCTS BETWEEN UKRAINE AND ROMANIA . Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 22 ISSUE 3, PRINT ISSN 2284-7995, 777-782.

The publisher is not responsible for the opinions published in the Volume. They represent the authors’ point of view.

© 2019 To be cited: Scientific Papers. Series “Management, Economic Engineering in Agriculture and Rural Development“.

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