Comparative Performance Analysis of ARIMA and Time Delay Neural Networks for Cauliflower Price Forecasting in North India

Accurate price forecasting of perishable crops is crucial for farmers' income stability. This study compared ARIMA and TDNN models across selected markets. The results indicated that ARIMA performed best in Ludhiana with the {(0,1,1) (0,1,0)} model, yielding the lowest RMSE (103.22). However, TDNN outperformed ARIMA in most cases, with Ludhiana again showing the best performance (RMSE 161.77) using the (2:5s:1l) neural network model. These findings highlighted TDNN's superiority in capturing non-stationary price patterns. Policymakers should integrate TDNN-based forecasting into agricultural price intelligence systems to improve market predictability. Reliable price forecasts can aid farmers in better planning, reducing distress sales, and enhancing profitability. Additionally, government initiatives should promote digital tools and machine learning models for real-time price predictions. Strengthening price forecasting mechanisms will help mitigate market volatility, support procurement decisions, and enhance overall agricultural sustainability in India.

Publication Details

Journal
Indian Journal of Economics and Development
Published
2025-03-11
DOI
https://doi.org/10.35716/ijed-23529
Primary Topic
Spectroscopy and Chemometric Analyses
Type
article
Field-Weighted Citation Impact
0.00
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

Comparative Performance Analysis of ARIMA and Time Delay Neural Networks for Cauliflower Price Forecasting in North India

Indian Journal of Economics and Development
Spectroscopy and Chemometric Analyses
article

Comparative Performance Analysis of ARIMA and Time Delay Neural Networks for Cauliflower Price Forecasting in North India

article en

Abstract

Accurate price forecasting of perishable crops is crucial for farmers' income stability. This study compared ARIMA and TDNN models across selected markets. The results indicated that ARIMA performed best in Ludhiana with the {(0,1,1) (0,1,0)} model, yielding the lowest RMSE (103.22). However, TDNN outperformed ARIMA in most cases, with Ludhiana again showing the best performance (RMSE 161.77) using the (2:5s:1l) neural network model. These findings highlighted TDNN's superiority in capturing non-stationary price patterns. Policymakers should integrate TDNN-based forecasting into agricultural price intelligence systems to improve market predictability. Reliable price forecasts can aid farmers in better planning, reducing distress sales, and enhancing profitability. Additionally, government initiatives should promote digital tools and machine learning models for real-time price predictions. Strengthening price forecasting mechanisms will help mitigate market volatility, support procurement decisions, and enhance overall agricultural sustainability in India.

Indian Journal of Economics and Development
Openalex Percentile: Top 95%
Spectroscopy and Chemometric Analyses
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.