IDEAS home Printed from https://ideas.repec.org/a/spr/endesu/v26y2024i1d10.1007_s10668-022-02783-9.html
   My bibliography  Save this article

Analysis of demand forecasting of agriculture using machine learning algorithm

Author

Listed:
  • Balika J. Chelliah

    (SRM Institute of Science and Technology)

  • T. P. Latchoumi

    (SRM Institute of Science and Technology)

  • A. Senthilselvi

    (SRM Institute of Science and Technology)

Abstract

The state of India was situated on fertile land and river deltas with appropriate agricultural land. In 2019, agricultural fields, primarily cropland, occupy more than 40% of the country's total surface area. Moreover, agricultural industry revenues less than 3% of the country's Gross Provincial Product (GPP). While manufacturing has become the country's major financial activity, accounting countries represent half of GPP's revenues. The objective of the study is to find a way to improve the financial profitability and efficiency of farming supply chain networks as follows: (1) Fixation of national-level targets for zonal-level groups information after assessment and forecasts that affect production and distribution of agriculture. (2) Producers risk can be reduced by directing people to multiple factory and industrialization options based on market assessment. (3) Insurance costs and reduction of bank borrowing by standardizing the connection between bankers and producers using the structure to centralise land information. (4), Stabilize the agricultural sector by looking at nearby potential destinations for production and regulation of the Public Distribution System (PDS) flow for the security stock. In this paper, the novel ML target prediction algorithm to inform the farmers about the market target product and improve the relationships between the farmer and bankers for centralizing the information about recent government plans. The crop prediction ML algorithm proposed to improve the revenue of agriculture field.

Suggested Citation

  • Balika J. Chelliah & T. P. Latchoumi & A. Senthilselvi, 2024. "Analysis of demand forecasting of agriculture using machine learning algorithm," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(1), pages 1731-1747, January.
  • Handle: RePEc:spr:endesu:v:26:y:2024:i:1:d:10.1007_s10668-022-02783-9
    DOI: 10.1007/s10668-022-02783-9
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1007/s10668-022-02783-9
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.

    File URL: https://libkey.io/10.1007/s10668-022-02783-9?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:endesu:v:26:y:2024:i:1:d:10.1007_s10668-022-02783-9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.