Modeling of Supply and Demand for the Production of Baking Industry of Ukraine
Journal Title: Бізнес Інформ - Year 2015, Vol 4, Issue 0
Abstract
The article is aimed at modeling and forecasting of supply and demand for the production of baking industry of Ukraine. An analysis of factors influencing the development of supply and demand in the industry has been conducted. Reasons for the decline in production of the baking industry were studied. The conducted analysis of the production and consumption of bread and bakery goods revealed a general trend of decreasing both indicators, and moreover, showed significant excess in consumption of bread and bakery goods over the production. The reason for this is that up to 70 percent of consumption volumes remained outside the official statistical reporting. Relevance of using the adaptive forecasting models has been substantiated, Brown's first-order models for supply and demand for the production of baking industry of Ukraine have been built. A forecast for 2015 on the basis of the built models showed that the downward trend in both consumption and production of bread and bakery goods will persist.
Authors and Affiliations
Nataliia Andreishina
Keywords
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