China's Grain Price Forecasts Revolutionize National Economy Stability.
Food prices in China impact people's living costs and the economy. Using a special model called X-12-ARIMA, researchers analyzed monthly food price data from 1997 to 2009. They found that grain prices in China have clear trends and seasonal patterns. By studying these patterns, they could explain why food prices fluctuate. The model they used accurately predicted these fluctuations, providing a basis for understanding and creating policies related to food prices.