A Bayesian analysis of hop price fluctuations

A Bayesian analysis of hop price fluctuations

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This paper quantifies the correlation between U.S.season average prices for hops Public-Private Partnership and Circular Economy—What Croatian Students Learn at University with U.S.

hop stocks and U.S.hop hectarage.The Hop Equilibrium Ratio, a measure of the supply/demand relationship for U.

S.hops, was introduced.Through the Bayesian inference method, the authors used these data to calculate the effect an incremental change to one metric had on the probability of directional changes of future U.S.

season average prices (SAP).Between 2010 and 2020, the dominance of proprietary varieties created unprecedented cartel-like powers A representation and classification method for collective investor attention in the financial market offering opportunities for supply- and price-management.Research results will enable more accurate forecasting and greater price stability in the hop industry.