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Data Description Of Raw Data Essay

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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

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