Trend Analysis of Red Chili Price-Formation Models
Red chili’s characteristic flavor has been a popular element in Indonesian cuisine. A large and continuous demand for red chili is inconsistent with production volumes, causing frequent and extreme price fluctuations throughout the year. This study explores the changing trends in red chili prices to...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universitas Gadjah Mada
2020-03-01
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| Series: | Agritech |
| Subjects: | |
| Online Access: | https://jurnal.ugm.ac.id/agritech/article/view/45946 |
| _version_ | 1819283675326447616 |
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| author | Siti Mir'atul Khasanah Mochammad Maksum Endy Suwondo |
| author_facet | Siti Mir'atul Khasanah Mochammad Maksum Endy Suwondo |
| author_sort | Siti Mir'atul Khasanah |
| collection | DOAJ |
| description | Red chili’s characteristic flavor has been a popular element in Indonesian cuisine. A large and continuous demand for red chili is inconsistent with production volumes, causing frequent and extreme price fluctuations throughout the year. This study explores the changing trends in red chili prices to identify the influencing factors. The study was conducted in the Sleman district of Yogyakarta, Indonesia. Time-series datasets of monthly production rates and prices of chili for 3 years were subject to multiple linear regression analysis. The study found a rising trend in prices in the Sleman Regency from January 2014 to December 2016. The factors significantly influencing the red chili prices was the price of cayenne pepper. The production cost of chili, the price of tomatoes, and the price of chili for the previous 2 months had only partial and nonsignificant effects. The timing of great Muslim celebrations, such as Eid Al-Fitr and Eid Al-Adha had no significant effect on the price of red chili. However, Christmas and New Year events were associated with higher prices. |
| first_indexed | 2024-12-24T01:35:15Z |
| format | Article |
| id | doaj.art-679df57f84a048df8034be0ace325128 |
| institution | Directory Open Access Journal |
| issn | 0216-0455 2527-3825 |
| language | English |
| last_indexed | 2024-12-24T01:35:15Z |
| publishDate | 2020-03-01 |
| publisher | Universitas Gadjah Mada |
| record_format | Article |
| series | Agritech |
| spelling | doaj.art-679df57f84a048df8034be0ace3251282022-12-21T17:22:13ZengUniversitas Gadjah MadaAgritech0216-04552527-38252020-03-01401576310.22146/agritech.4594625686Trend Analysis of Red Chili Price-Formation ModelsSiti Mir'atul Khasanah0Mochammad Maksum1Endy Suwondo2Agro–Industrial Technology Department, Faculty of Agricultural Technology, Universitas Gadjah Mada, Jl. Flora No. 1, Bulaksumur, Yogyakarta 55281Agro–Industrial Technology Department, Faculty of Agricultural Technology, Universitas Gadjah Mada, Jl. Flora No. 1, Bulaksumur, Yogyakarta 55281Agro–Industrial Technology Department, Faculty of Agricultural Technology, Universitas Gadjah Mada, Jl. Flora No. 1, Bulaksumur, Yogyakarta 55281Red chili’s characteristic flavor has been a popular element in Indonesian cuisine. A large and continuous demand for red chili is inconsistent with production volumes, causing frequent and extreme price fluctuations throughout the year. This study explores the changing trends in red chili prices to identify the influencing factors. The study was conducted in the Sleman district of Yogyakarta, Indonesia. Time-series datasets of monthly production rates and prices of chili for 3 years were subject to multiple linear regression analysis. The study found a rising trend in prices in the Sleman Regency from January 2014 to December 2016. The factors significantly influencing the red chili prices was the price of cayenne pepper. The production cost of chili, the price of tomatoes, and the price of chili for the previous 2 months had only partial and nonsignificant effects. The timing of great Muslim celebrations, such as Eid Al-Fitr and Eid Al-Adha had no significant effect on the price of red chili. However, Christmas and New Year events were associated with higher prices.https://jurnal.ugm.ac.id/agritech/article/view/45946modelingprice formationred chilitime-seriestrend |
| spellingShingle | Siti Mir'atul Khasanah Mochammad Maksum Endy Suwondo Trend Analysis of Red Chili Price-Formation Models Agritech modeling price formation red chili time-series trend |
| title | Trend Analysis of Red Chili Price-Formation Models |
| title_full | Trend Analysis of Red Chili Price-Formation Models |
| title_fullStr | Trend Analysis of Red Chili Price-Formation Models |
| title_full_unstemmed | Trend Analysis of Red Chili Price-Formation Models |
| title_short | Trend Analysis of Red Chili Price-Formation Models |
| title_sort | trend analysis of red chili price formation models |
| topic | modeling price formation red chili time-series trend |
| url | https://jurnal.ugm.ac.id/agritech/article/view/45946 |
| work_keys_str_mv | AT sitimiratulkhasanah trendanalysisofredchilipriceformationmodels AT mochammadmaksum trendanalysisofredchilipriceformationmodels AT endysuwondo trendanalysisofredchilipriceformationmodels |