Scopus
🔓 Açık Erişim YÖKSİS Eşleşti
Determining the factors affecting the consumer price of milk in Turkey by using regularization (elastic net) linear regression analysis
Pakistan Journal of Agricultural Sciences · Ocak 2023
YÖKSİS Kayıtları
Determining the factors affecting the consumer price of milk in Turkey by using regularization (elastic net) linear regression analysis
Pakistan Journal of Agricultural Sciences · 2023 SCI-Expanded
DOÇENT BURAK MAT →
Determining the factors affecting the consumer price of milk in Turkey by using regularization (elastic net) linear regression analysis
PAKISTAN JOURNAL OF AGRICULTURAL SCIENCES · 2023 SCI-Expanded
DOÇENT MUSTAFA BAHADIR ÇEVRİMLİ →
Makale Bilgileri
DergiPakistan Journal of Agricultural Sciences
Yayın TarihiOcak 2023
Cilt / Sayfa60 · 25-32
Scopus ID2-s2.0-85162013454
Erişim🔓 Açık Erişim
Özet
Understanding price interactions is critical for decision-making in uncertain conditions. The increasing volatility in the global prices of milk in recent years has increased the need for research on the factors affecting the price of milk. Identifying pr ice interactions is a prerequisite for understanding consumer prices of animal products, which is essential for producers, governments, and livestock-based industries. This study aims to reveal the structure of the basic and economic indicators that affect the consumer price of milk in Turkey. In this study, the time series of the monthly data for the 2010–2020 period was analyzed to examine the factors affecting the consumer price of milk in Turkey. We explained how the dependent variable of the consumer price of milk is affected by the independent variables of the producer price of milk; the price of dairy feed, corn, barley, wheat, soybean, sunflower seed meal, and dried distillers grains with solubles; dollar exchange rate; producer price index (PPI), and agricultural PPI. The regularization linear regression algorithm, a machine learning method, revealed that the parameters explained 97.8% of the variations in the consumer price of milk. According to the results obtained using the regularization linear regression algorithm, the consumer price of milk has the lowest positive correlation with sunflower seed meal (r = 0.917) and the highest positive correlation with PPI (r = 0.983). If Turkey wants to avoid excessive volatility in the consumer price of milk due to caused by macro variables, it must build an efficient price control system, which can only be accomplished by developing and implementing policies aimed at lowering prices of inputs and production expenses.
Yazarlar (8)
1
Burak Mat
ORCID: 0000-0002-0455-8736
2
Mustafa Bahadır Çevrimli
ORCID: 0000-0001-5888-242X
3
Ahmet Cumhur Akin
ORCID: 0000-0003-3732-0529
4
Mehmet Saltuk Arikan
ORCID: 0000-0003-4862-1706
5
Murat Polat
ORCID: 0000-0002-6279-0824
6
Alperen Varalan
7
Mert Demirsöz
8
Mustafa Agah Tekindal
ORCID: 0000-0002-4060-7048
Anahtar Kelimeler
Agricultural PPI
Consumer price of milk
producer price index
regularization
Kurumlar
Atatürk Üniversitesi
Erzurum Turkey
Burdur Mehmet Akif Ersoy Üniversitesi
Burdur Turkey
Firat Üniversitesi
Elazig Turkey
İzmir Kâtip Çelebi Üniversitesi
Izmir Turkey
Kastamonu University
Kastamonu Turkey
Selçuk Üniversitesi
Selçuklu Turkey