The paper made an attempt to forecast the values for area under the ground nut crop based on the time series data collected for the period 1966-67 to 2015-16 using Auto Regressive Integrated Moving Average (ARIMA) process. The results revealed that the ARIMA (2,1,1) was the best fitted model and all the model adequacy tests like stationarity of the residuals, normality assumption, etc.,were satisfied by the fitted model. The forecasts for the period 2016-17 to 2025-26 indicated the declining trend in the area under the crop. This necessitates immediate attention from the policy makers and agricultural scientists to take appropriate measures to expand the area under the crop considering its importance in the Indian economy as an important source of edible oil for the majority of the people.
Impact Factor
2022: 6.012
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