Research on Information Applied Technology with Data Analysis of Flowers Auction Data Based on Cointegration and Granger Casualty

Abstract:

According to the research of the variables (supply quantity, volume of trade, failed auction rate and price) using the information applied technology with data, from Kunming flowers auction market, with cointegration and Granger casualty, the result shows that the price has an impact on supply quantity and volume of trade with one lagged period, the supply quantity and volume of trade affect the price with three lagged periods. At the same time, the price affects the failed auction rate with three lagged periods. The failed auction rate affects the price in the same way. With the analysis of above, the supply quantity and volume of trade may exit multicollinearity. It is proved by vector autoregression (VAR) model. The results will be a guide to the flowers auction.

• Periodical: Advanced Materials Research (Volume 886)
• Pages: 546-551
• DOI: https://doi.org/10.4028/www.scientific.net/AMR.886.546
• Online since: January 2014
• Authors: Guang Hui Zhang*, Xiao He Zhang, Guo Yong Huang
• Keywords: Auction, Cointegration, Granger Casualty, Multicollinearity VAR Model

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