Food price dynamics in Turkey’s agricultural export market with selected machine learning approaches
Price fluctuations significantly impact supply and demand mechanisms, particularly in agriculture and food production. These effects are often persistent and challenging to adapt directly, making it crucial for agrarian countries to understand the factors driving these changes. This resea...
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| Format: | Article |
| Language: | English |
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Bologna University press
2025-06-01
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| Series: | New Medit |
| Online Access: | https://newmedit.ciheam.org/2025/06/10/food-price-dynamics-in-turkeys-agricultural-export-market-with-selected-machine-learning-approaches/ |
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| author | Rahmiye Figen Ceylan Ramu Govindasamy Burhan Ozkan |
| author_facet | Rahmiye Figen Ceylan Ramu Govindasamy Burhan Ozkan |
| author_sort | Rahmiye Figen Ceylan |
| collection | DOAJ |
| description |
Price fluctuations significantly impact supply and demand mechanisms, particularly in
agriculture and food production. These effects are often persistent and challenging to
adapt directly, making it crucial for agrarian countries to understand the factors driving
these changes. This research focuses on calculating a specific food price index related
to Turkish food exports, with the goal of evaluating the factors contributing to volatility
in this index. Using data from 1991-2022, the analysis employed selected machine
learning methodologies to project potential policy interventions. The support vector
regression (SVR) predictions revealed that rising prices of exportable products are
driven by various factors, including cost items, food price inflation, unemployment
levels (as an indicator of income), and exchange rates. The predictions closely aligned
with the actual calculated variables, suggesting that variations in aggregate price
levels, exchange rates, and technology-related and import-dependent costs are critical
for observation and evaluation. These factors appear to play a more significant role in
determining price inflation for Turkish agricultural and food products. |
| format | Article |
| id | doaj-art-b0c103d8db2a491cbcbe8dd72e6d5f6c |
| institution | OA Journals |
| issn | 2611-1128 |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Bologna University press |
| record_format | Article |
| series | New Medit |
| spelling | doaj-art-b0c103d8db2a491cbcbe8dd72e6d5f6c2025-08-20T02:23:24ZengBologna University pressNew Medit2611-11282025-06-012202510.30682/nm2502iFood price dynamics in Turkey’s agricultural export market with selected machine learning approachesRahmiye Figen CeylanRamu GovindasamyBurhan Ozkan Price fluctuations significantly impact supply and demand mechanisms, particularly in agriculture and food production. These effects are often persistent and challenging to adapt directly, making it crucial for agrarian countries to understand the factors driving these changes. This research focuses on calculating a specific food price index related to Turkish food exports, with the goal of evaluating the factors contributing to volatility in this index. Using data from 1991-2022, the analysis employed selected machine learning methodologies to project potential policy interventions. The support vector regression (SVR) predictions revealed that rising prices of exportable products are driven by various factors, including cost items, food price inflation, unemployment levels (as an indicator of income), and exchange rates. The predictions closely aligned with the actual calculated variables, suggesting that variations in aggregate price levels, exchange rates, and technology-related and import-dependent costs are critical for observation and evaluation. These factors appear to play a more significant role in determining price inflation for Turkish agricultural and food products.https://newmedit.ciheam.org/2025/06/10/food-price-dynamics-in-turkeys-agricultural-export-market-with-selected-machine-learning-approaches/ |
| spellingShingle | Rahmiye Figen Ceylan Ramu Govindasamy Burhan Ozkan Food price dynamics in Turkey’s agricultural export market with selected machine learning approaches New Medit |
| title | Food price dynamics in Turkey’s agricultural export market with selected machine
learning approaches |
| title_full | Food price dynamics in Turkey’s agricultural export market with selected machine
learning approaches |
| title_fullStr | Food price dynamics in Turkey’s agricultural export market with selected machine
learning approaches |
| title_full_unstemmed | Food price dynamics in Turkey’s agricultural export market with selected machine
learning approaches |
| title_short | Food price dynamics in Turkey’s agricultural export market with selected machine
learning approaches |
| title_sort | food price dynamics in turkey s agricultural export market with selected machine learning approaches |
| url | https://newmedit.ciheam.org/2025/06/10/food-price-dynamics-in-turkeys-agricultural-export-market-with-selected-machine-learning-approaches/ |
| work_keys_str_mv | AT rahmiyefigenceylan foodpricedynamicsinturkeysagriculturalexportmarketwithselectedmachinelearningapproaches AT ramugovindasamy foodpricedynamicsinturkeysagriculturalexportmarketwithselectedmachinelearningapproaches AT burhanozkan foodpricedynamicsinturkeysagriculturalexportmarketwithselectedmachinelearningapproaches |