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Module# 5: Random variables & Probability Distributions Homework

on September 20, 2019

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Final Project: Forecasting Average Price of Avocados in 2020

Code repository: ToadHanks Data set: data.world Project description : In my final project, I am forecasting the relationship between the volume and average price of both conventional and organic avocados. The growing price of Chipotle guacamole add-on has me in concern that eventually an affordable dish like 'Chipotle Bowl' will go up in price around $8-$10. The basic economics says that there are a couple of reasons why a commodity gets a price hike (in my case, the commodity is guacamole). These are some of the reasons, though not in any particular order: 1. The demand for a particular commodity is high. 2. The supply for a particular commodity is low. 3. The commodity is going through a price experimentation phase. 4. There are trade conflicts if the commodity is imported. 5. Materials that make up a commodity themselv...

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Module# 5: Random variables & Probability Distributions Homework

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