Home / Central Data Catalog / FCV / CAF_2021_RTFP_V02_M / variable [CAF_2021_RTFP_MKT]
FCV

Monthly food price estimates by product and market
Central African Republic, 42 markets, 2007/01/01-2024/10/01, version 2024-10-28

Central African Republic, 2007 - 2024
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Reference ID
CAF_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
6947
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617

High estimate - Rice (h_rice)

Data file: CAF_RTFP_mkt_2007_2024-10-28.csv

Overview

var_Number of valid values: 9202

Others

Notes
h_rice denotes the highest price achieved by the commodity rice within a month. This data point captures market peaks, reflecting the maximum demand or valuation during the period. High price estimates are estimated as the expected value of the upper 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. These data points are instrumental in plotting the price data in candlestick charts, which are pivotal for visual market analysis and identifying potential price trends, intra-month price volatility, or observe trend reversals that are significant when contrasted to natural monthly price spreads. In candlestick charting, the high price is indicated by the upper shadow or wick, marking the top end of the price range. Understanding the highest price point helps analyze the monthly price spread and market volatility.
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