notesum.ai

Published at December 9

Food for thought: How can machine learning help better predict and understand changes in food prices?

cs.LG

Released Date: December 9, 2024

Authors: Kristina L. Kupferschmidt¹, James Requiema, Mya Simpson, Zohrah Varsallay, Ethan Jackson, Cody Kupferschmidt, Sara El-Shawa, Graham W. Taylor

Aff.: ¹University of Guelph, Guelph, Canada

Arxiv: http://arxiv.org/pdf/2412.06472v1

Category	Baseline		Exogenous						Multi (including Exogenous)
Category	All	None	CPI	LLM	Climate	Geopolitical	Manufact.	Human	CFPR	Future + CFPR	Future
Bakery	0.045 ± 0.01	0.044 ± 0.01	0.043 ± 0	0.045 ± 0.01	0.039 ± 0.00	0.038 ± 0.00	0.042 ± 0.01	0.040 ± 0.01	0.034 ± 0.00	0.044 ± 0.01	0.045 ± 0.01
Dairy	0.034 ± 0.01	0.032 ± 0.01	0.029 ± 0	0.033 ± 0.01	0.026 ± 0.00	0.026 ± 0.01	0.031 ± 0.00	0.034 ± 0.01	-	-	-
Fish	0.030 ± 0.01	0.025 ± 0.01	0.021 ± 0	0.028 ± 0.01	0.023 ± 0.01	0.024 ± 0.00	0.025 ± 0.01	0.031 ± 0.01	-	-	-
Food	0.031 ± 0.01	0.034 ± 0.01	0.028 ± 0	0.031 ± 0.01	0.023 ± 0.00	0.025 ± 0.00	0.028 ± 0.01	0.032 ± 0.01		-	-
Fruit	0.041 ± 0.00	0.041 ± 0.01	0.030 ± 0	0.036 ± 0.01	0.029 ± 0.00	0.030 ± 0.00	0.036 ± 0.00	0.038 ± 0.01	-	-	-
Meat	0.035 ± 0.01	0.031 ± 0.01	0.037 ± 0	0.035 ± 0.01	0.028 ± 0.01	0.029 ± 0.01	0.033 ± 0.01	0.032 ± 0.01	0.025 ± 0.01	0.039 ± 0.01	0.042 ± 0.02
Other	0.040 ± 0.01	0.043 ± 0.01	0.036 ± 0	0.040 ± 0.01	0.032 ± 0.00	0.032 ± 0.01	0.037 ± 0.00	0.040 ± 0.01	-	-	-
Vegetables	0.054 ± 0.01	0.060 ± 0.02	0.048 ± 0	0.052 ± 0.01	0.050 ± 0.01	0.051 ± 0.01	0.058 ± 0.01	0.070 ± 0.02	0.061 ± 0.00	0.058 ± 0.01	0.062 ± 0.01