Monthly food price estimates by product and market
Burkina Faso, 64 markets, 2007/01/01-2024/10/01, version 2024-10-28

Burkina Faso, 2007 - 2024

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Reference ID

BFA_2021_RTFP_v02_M

Producer(s)

Bo Pieter Johannes Andrée

Collection(s)

Fragility, Conflict and Violence

Metadata

Documentation in PDF DDI/XML JSON

Created on

Dec 13, 2023

Last modified

Oct 31, 2024

Page views

7844

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Low estimate - Maize (l_maize)

Data file: BFA_RTFP_mkt_2007_2024-10-28.csv

Overview

var_Number of valid values: 13910

Others

Notes

l_maize represents the lowest price point for the commodity maize in the given month. This variable is essential for understanding market dips, buyer interest at lower prices, and the floor value of the commodity. Low price estimates are estimated as the expected value of the lower half of the price distribution based on conditional variance estimated using a fractionally integrated GARCH (Generalized Autoregressive Heteroscedasticity) model estimated using a Generalized Error Distribution that allows for excess kurtosis. In candlestick charting, the low price forms the lower end of the candle or wick, showcasing the lowest market reach. Analyzing the low price is integral to understanding the full monthly price range and assessing market stability or distress.

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Monthly food price estimates by product and market Burkina Faso, 64 markets, 2007/01/01-2024/10/01, version 2024-10-28