The Reaction of Purchase Prices of Hog Livestock in Poland To Changes in Stock Index – Econometric Conceptualization

Abstract

The authors of the article examined the impact of exchange quotations of indexes WIG, WIG20 and WIG-food on prices of hog livestock in Poland. Based on the collected data was constructed an econometric model, which explains the evolution of the monthly prices of the hog livestock in Poland in the period from January 2004 to December 2015 depending on the WIG20 index quotes. This model of the linear regression has been estimated, verified substantially and statistically and next used to calculate point forecasts for all months of 2016. Forecasts errors have also been calculated.