Building Market Intelligence Systems for Agricultural Commodities: A Case Study based on Cardamom

Publications

Building Market Intelligence Systems for Agricultural Commodities: A Case Study based on Cardamom

Author : Dr Sobin C C

Year : 2021

Publisher : Institute of Electrical and Electronics Engineers Inc.

Source Title : ICSCCC 2021 - International Conference on Secure Cyber Computing and Communications

Document Type :

Abstract

In the traditional agriculture in India, the farmers are not able to make profit from their crops. We propose a price prediction model using Machine Learning approaches, which helps the farmers to make appropriate decisions well before cultivation and later on selling their farm outputs. We have chosen cardamom as a case study in which the data being collected over four decades’ monthly average prices. We propose an ensemble method of multivariate linear regression model and ARIMA model over the clustered average monthly cardamom prices across forty years. The robustness of the proposed model is evaluated against four-decade monthly price movement.