Prediction and Control of Prices for Livestock Meat
Wen Xi Duan, Mei Ling Liu · Applied Mechanics and Materials · 2014
The price of the livestock meat is the function of its demand quantity and its supply quantity.The cost function can be obtained by using the least square method or the data analysis of Microsoft Office EXCE. By the function, we can forecast the meat prices in the future. The raising quantity can appropriately be controlled using the cost function.