A Bayesian analysis of hop price fluctuations

A Bayesian analysis of hop price fluctuations

Blog Article

This paper quantifies the correlation between U.S.season average prices for hops 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 Fridge Freezer 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 offering opportunities for supply- and Coats price-management.Research results will enable more accurate forecasting and greater price stability in the hop industry.