European Academic Research ISSN 2286-4822
ISSN-L 2286-4822
Impact Factor: 3.4546 (UIF)
DRJI Value : 5.9 (B+)
Article Details :
Article Name :
Analysis on the Variation of Retail Price of Commercial Rice in the Philippines
Author Name :
JENNY G. AMORA, CARMELITA T. COS, JOAN A. BANAL
Publisher :
Bridge Center
Article URL :
Abstract :
This purpose of this study is to identify the factors that affect the variation of retail price of commercial rice in the Philippines using multiple linear regression analysis. The data collected is from July 2010 to December 2016 on a monthly basis, with a total of 78 observations. The independent variables used in this paper are the farmgate prices of palay, wholesale prices of commercial rice, price of dealers’ fertilizer, commercial rice stock inventory, rice imports, exchange rate and purchasing power of peso (PPP) in rice. Of these, only the variables farmgate prices of palay and PPP are found significant at 0.01 level of significance after executing Prais-Winsten Transformation.
Keywords :
retail price, rice, commercial rice, multiple linear regression, economics

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