Application of Grey-Markov Model for Forecasting Nigeria Annual Rice Production
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Date
2021-11-21
Journal Title
Journal ISSN
Volume Title
Publisher
African Journal Online (AJOL), South Africa
Abstract
In this paper, Grey system model (GM(1,1)) and Grey-Markov model that forecast Nigeria annual Rice production have been presented. The data used in the research were collected from the archive of Central Bank of Nigeria for a period of Six years (2010-2015). The fitted models showed high level of accuracy. Hence, the models can be used for food security plans of the nation.
Description
A journal publication
Keywords
Rice, Production, Grey-System Model, Grey-Markov Model, Forecasting, Nigeria
Citation
Lawal, A., Didigwu, N. E., Saidu, D. Y., Sadiq, S. L. & Khadeejah, J. A. (2021). Application of Grey-Markov Model for Forecasting Nigeria Annual Rice Production, Scientia Africana, 20(3), 73-84.