Forecasting of apple production in the Republic of Srpska

Nedeljković, Miroslav and Potrebić, Velibor (2020) Forecasting of apple production in the Republic of Srpska. Western Balkan Journal of Agricultural Economics and Rural Development (WBJAERD), 2 (1). pp. 21-29. ISSN 2683-4693

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Abstract

The main paper goal is to create an adequate trend model by applying a quantitative research method, i.e. trend analysis that will enable prediction of apple production in the Republic of Srpska for a three-year period (2019-2021). Trend analysis involved the use of linear, quadratic and exponential trend models. Prediction is based on data time series for the period 1998-2018. Gained results show that although the unstable production it could be expected the growth of total production and number of apple trees, while apple yields are expected to decline in the observed period. Obtained results can serve for strategic approach in further development of this sector of fruit production.

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