Dynamic Models to Determine External Factors and their Impact on the Shrimp Price Forecast

David Zaldumbide, Alejandro Pacheco*

*Autor correspondiente de este trabajo

Producción científica: RevistaArtículo de la conferenciarevisión exhaustiva

Resumen

Ecuador has a historic dependence on the export of its raw materials to generate income. This makes its economy extremely vulnerable to external imbalances. During 2021, the export of products such as bananas and shrimp fell to 17%, which can be explained by the changes in consumption habits brought about by the pandemic. This research aims to take an in-depth look at price forecasts for shrimp farming. For this purpose, an ARIMA econometric analysis was used. We considered 66 monthly price and export observations collected from the beginning of 2017 to the middle of 2022 in order to forecast 24 prices for the second semester of 2022, 2023, until June of 2024, with the idea being to use this to make better public policy decisions at the shrimp's sector.

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