Mathematical Modeling of the Price Volatility of Maize and Sorghum between 1960 and 2022
Samuel Olorunfemi Adams,
Mohammed Anono Zubair,
Michael Franklin Ezike
Abstract:The price of grains like maize and sorghum is subject to significant fluctuations, which can have a significant impact on a country's economy and food security. The aim of the study is to model sorghum and maize price volatility in Nigeria. The data utilized in the study was extracted from World Bank Commodity Price Data (WBCPD), 2022. The data consists of monthly prices in nominal US dollars for maize and sorghum from January 1960 -August 2022. The Autoregressive Conditional Heteroskedasticity (ARCH) and Gene… Show more
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