STATISTICAL ANALYSIS OF PRICE FLUCTUATION IN TIMBER
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Date
2005-06-21
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University of Agricultural Sciences GKVK, Bangalore
Abstract
STATISTICAL ANALYSIS OF PRICE FLUCTUATION IN TIMBER
BASAVARAJAIAH D. M.
ABSTRACT
Dr. A. R. S. BHAT
Major Advisor
For the present study Thithimathi Government Depot was selected
as it is known for the valuable species such as Lagerstroemia lanceolata,
Artocarpus hirsuta and Pterocarpus marsupium.
Inspite of such fluctuations in price, interestingly no serious
attempt has been made to analyse scientifically these changes and look for
the reasons for such changes in price. Hence, it was thought that analysis
of price fluctuation in timber would provide an insight into the reasons for
such fluctuations. It is hoped that the identification of the causes would
help the consumers as well as the suppliers in taking appropriate
decisions.
The demand for forest products is increasing, current demand for
industrial wood is 27.9 m^ and the production is 12.8 m^. The precious
natural wealth is contributing to plundered even today resulting in the
degradation of forest. There has been steep rise in purchasing power of the
people. Three notable timber of importance are Lagerstroemia lanceolata,
Artocarpus hirsuta and Pterocarpus marsupium. The secondary data was
pertaining to full till the objectives of study. Trend vary with the species to
species. For the Pterocarpus marsupium wood, the cyclical and seasonal
variation was done completely absent it may be due to scarcity supply of
wood. However, it increases or decreases over a period of time. CIB class
of Artocarpus hirsuta was significantly differed from other. However, length
and girth influences the price variation. Hedonic price analysis was
employed to determine the value addition of characteristics of price
variation in timber.. Time series analysis and CGR was used on original
price data of three species like Lagerstroemia lanceolata, Artocarpus
hirsutus and Pterocarpus marsupium to study the irregular variation in
timber price movement.
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