A Review of the Application of Data Mining Techniques for Vegetable Price Prediction
Keywords:
Data Mining, time series analysis, price forecasting, agricultureAbstract
Agriculture is the backbone of Indian economy. The volatile nature of Agriculture commodity prices cause the unfortunate effect on the economy and expose the growers to high risk. Nowadays Government and other commercial sectors provide fundamental data such as market information, weather information through several services using the internet. Data mining in addition to Information technology enables automation of extracting significant data in an effort to obtain knowledge and trends. Vegetable price prediction system aims to predict vegetable prices in near future by analyzing time series data on daily arrivals and prices of selected vegetable. By having the necessary information, farmers can make better and more informed decision regarding production and sell for their produces and government can frame appropriate agriculture policies.
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