Prediction of Oilseeds production in India using ARIMA Model

Abstract

Commercial crops occupy a separate share in business market across the world. Oil seeds in India, play a major role sharing 14% of the total area of production. Gujarat being the second leading producer in Oil seeds makes the leading contribution in market and in manufacturing huge quantity of paints, soaps, etc. The cattle-feed and manure procedures takes the remains of the oil seeds after the oil extraction process. As an urge of understanding the pattern of the production of Oil seeds, this study makes use of the statistical technique applied over a time series data of Oil seed production over a particular set of years. “Auto Regressive Integrated Moving Average” model is used here for the forecasting of the Oil seeds through which a trend graph is generated.