Data Description Raw Data Raw data used in generating this report mainly came from 2 sources: United States Department of Agriculture and Federal Reserve Bank of St. Louis Economic Data. All Data manipulated are national, time series data. The frequency of the dada is monthly. All Data were de-trended; the base year is 2007. The quantities of monthly imported fresh strawberries were retrieved from Monthly U.S. imports of fresh strawberries, 1989-2012. The monthly average retail prices of strawberries and blueberries were retrieved from the United States Department of Agriculture; the monthly average retail prices of strawberries in $/lb. were converted from prices in $/12 oz. Monthly Disposable Personal Income data from January 2007 to September 2016 were retrieved from The Federal Reserve Economic Data. Gaps The prices of strawberries were missing in October 2013 and November 2015. I estimated these values by averaging the prices of the previous 3 months. The same method was used in estimating the retail prices pf grapes in December 2017 and October 2013. I forecasted the monthly prices of strawberries from January to June in 2017 by calculating the averages of the monthly prices from 2007 to 2016. The same method was used in forecasting the monthly prices of grapes from October 2016 to December 2017. I forecasted the monthly disposable personal income from October 2016 to December 2017 using a three-period moving average method. Notable trends are present in the
Consumer Price Index for All Urban Consumers (CPI-U): U.S. city average, by expenditure category, 2013).
2 Causes and Analysis of Rising Cocoa Beans Prices Prices for cocoa mainly respond to supply and demand factors. Ideally, one would think
In the questions example, Spring had low demand and a higher price of $5.50 per pound and Summer had high demand and a lower price of $4.00 per pound.
Census- Income-Bureau, US Census. “Library.” Map: Median Household Income in the United States: 2015, 15 Sept. 2016, www.census.gov/library/visualizations/2016/comm/cb16-158_median_hh_income_map.html. Accessed 19 May
Breamer, J. (2009). Demand for corn and soybeans continue in 2010. High Plains Journal, (53), Retrieved from http://www.hpj.com/archives/2009/dec09/dec28/1228CropOutlookwspeakerpicj.cfm
We use multiple products on a daily basis, from toothpaste to ink pens. Though we may use these items for mere moments, there is a different supply and demand cycle for them. Every product has a different supply and demand cycle, and this cycle varies throughout time. Some items may constantly be in demand, like cotton, and others may be in demand seasonally, like eggnog. These shifts in supply and demand may influence the price of certain products, how much of the product is available at any given time, etc. Commodities available during only peak times throughout the year may even be substituted with a similar item. These seasonal items are considered
United States Census Bureau. (2014). Annual Estimates of the Resident Population by Sex, Race Alone or in Combination, and Hispanic Origin for the United States, States, and Counties: April 1, 2010 to July 1, 2013. Retrieved from http://factfinder2.census.gov/faces/tableservices/jsf/pages/productview.xhtml?src=bkmk
The latest FOMC statement indicates that the economy is expanding at a constant pace, with increases in employment alongside GDP growth. The US economy expanded more than expected in the third quarter of 2014, with real GDP increased 3.9 percent, surpassing the forecasted 3.5 percent, despite slowing down from a 4.6 percent increase in the previous quarter. The increase in real GDP was contributed by higher than expected increases in consumption, investment, government spending, and net exports ("News Release: Gross Domestic Product"). Unemployment has continued to decrease for the third consecutive month in October, with a drop from 5.9 percent to 5.8 percent, the lowest in the past 6 years since its 10 percent peak in 2009 ("Employment Situation Summary"). However, the rate is still below 4.7 percent before the recession. According to the National association for Business Economics, Real GDP is forecasted to expand further, and the unemployment rate is expected to fall to 5.4 percent by the end of 2015 ("NABE - NABE Outlook December
First, vegetables and fruits are going up in prices. California produces most of are vegetables and fruits but with the drought going on, times have been hard. The state likely will lose 17,100 agricultural
The MOE used with ACS estimates can be interpreted as providing a 90 percent probability that the interval contains the full population value of the estimate (Per capita money income - Census QuickFacts, n.d). In the same fashion, for each statistic provided by Statista (n.d) they offer available Metadata including but not limited to the Source, release date, the number of respondents, and any other relevant details. The metadata facilitates verification of all statistical information available on Statista.com. Finally, StreetInsider.com (n.d) provides access to information once only available to the Wall Street elite and offers alerts on market events that will affect the nature of the stock market and the overall economy. This information includes direct links to the government agency's website, such as the Bureau of Statistics. In short, the data used in this regression analysis exemplify the most efficient, consistent, unbiased and qualitative information with marginal areas of
The Athens Farmers Market is a year-round produce market located in South-eastern Athens, Ohio. The Farmers Market offers an array of organic and conventionally grown fresh produce, meats, eggs, cheeses, syrups, plants, baked goods, breads, herbs, teas, jarred products and much more. The commitment to providing market, which informs the consumers about the local food and agricultural products, and its effect on the local economy both appear to be essential to the Farmers Market. This is why the contents of this analysis will primarily concern the products sold by some of the vendors and the economic impact on the local economy.
NORTHERN NAPA VALLEY WINERY Period Month-Year Sales MA CMA Snl Factor Ad trend est Snl Inx Forecast 1 Jan-88 6,632 7414.480161 0.895433355 6639.172848 2 Feb-88 6,534 7495.930161 0.855674227 6414.07425 3 Mar-88 6,675 7577.380161 0.915057445 6933.738129 4 Apr-88 6,692 7658.830161 0.924270145 7078.828067 5 May-88 6,984 7740.280161 0.942241926 7293.21649 6 Jun-88 7,133 7821.730161 0.938433481 7340.173459 7 Jul-88 6,385 7,727 0.826274271 7903.180161 0.887321174 7012.659097 8 Aug-88 7,364 7,760 0.948999646 7984.630161 0.732715692 5850.463814 9 Sep-88 7,171 7,816 0.917432953 8066.080161 0.960270745 7745.620807 10 Oct-88 8,690 7,906 1.09918257 8147.530161 1.09169761 8894.639202 11 Nov-88 10,299
Life is full of ups and downs. Economic changes affect everyone’s life whether they realize it or not. Periods of economic prosperity or recession all have indicators if we know what to look for. “The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.” (Milton Friedman). We are going to briefly look at the lagging indicators, leading indicators, and coinciding indicators. By understanding the information provided by these three indicators, we can better prepare for the future.
Six firms dominated the banana industry in the early 1990’s, three from Europe and three from the United States. In 1994, the three United States producers, Chiquita, Dole, and Del Monte, accounted for approximately 72.4% of world banana sales. Chiquita accounted for 48% of worldwide banana sales and 66.4% of banana sales of the three U.S. producers.
The price of many goods will vary reflecting many different market conditions. In most cases it is supply and demand. There are many consumer prices index, while attention is often focused on composite CPI's; there are also individual indices published. One of these indices is the tomatoes CPI. Tomatoes are a very popular commodity, they are eaten fresh all year, they are also a major ingredient in many other foods, including the making ketchup, soups, sauces such as those used on pastas or on the base of pizzas, as well as in less obvious goods including ready meals. The CPI of tomatoes can be examined to identify the way in which the prices have moved and help with the identification of trends or influences. However, before looking at the data it is necessary to define what it is that is being measured.