Proceedings of the 3rd International Conference on Sustainable Agriculture for Rural Development (ICSARD 2022)

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Price Volatility Analysis of Red Cayenne Pepper and Curly Red Chili in Kebumen District

Authors
Djeimy Kusnaman1, Indah Setiawati1, *, Arief Kelik Nugroho2, Rifki Andi Novia1
1Department of Social Economy, Faculty of Agriculture, Jenderal Soedirman University, Tengah, 53122, Indonesia
2Department of Informatics, Faculty of Engineering, Jenderal Soedirman University, Tengah, 53122, Indonesia
*Corresponding author. Email: iindahs@unsoed.ac.id
Corresponding Author
Indah Setiawati
Available Online 19 April 2023.
DOI
10.2991/978-94-6463-128-9_8How to use a DOI?
Keywords
Price volatility; ARCH GARCH; Chili price; Red chili
Abstract

Kebumen Regency is an area with a surplus of chilies. The purpose of this study was to analyze the price volatility of red cayenne pepper and curly red chili at the consumer level. The research used was the ARCH-GARCH approach (Autoregressive Conditional Heteroscedasticity (ARCH) and Generalized Autogressive Conditional Heteroscedasticity (GARCH)) with the assistance of the Eviews 12.0 software. The data was weekly time series data for the period January 2019 to December 2021. The type of red chili used for research were curly red chilies and red cayenne peppers. The results showed that the best model for the volatility of curly red chili is ARCH (1), which means that the price of curly red chili at the consumer level is influenced by the volatility of the previous week. It has low volatility with an ARCH coefficient value of 0.171429 and a probability of 0.0365. The volatility of red cayenne pepper showed similar results, namely with an ARCH coefficient value of 0.173510 and a probability of 0.0319. Furthermore, the volatility model on chili prices at the producer level is still needed.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 3rd International Conference on Sustainable Agriculture for Rural Development (ICSARD 2022)
Series
Advances in Biological Sciences Research
Publication Date
19 April 2023
ISBN
10.2991/978-94-6463-128-9_8
ISSN
2468-5747
DOI
10.2991/978-94-6463-128-9_8How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Djeimy Kusnaman
AU  - Indah Setiawati
AU  - Arief Kelik Nugroho
AU  - Rifki Andi Novia
PY  - 2023
DA  - 2023/04/19
TI  - Price Volatility Analysis of Red Cayenne Pepper and Curly Red Chili in Kebumen District
BT  - Proceedings of the 3rd International Conference on Sustainable Agriculture for Rural Development (ICSARD 2022)
PB  - Atlantis Press
SP  - 56
EP  - 69
SN  - 2468-5747
UR  - https://doi.org/10.2991/978-94-6463-128-9_8
DO  - 10.2991/978-94-6463-128-9_8
ID  - Kusnaman2023
ER  -