Mongolian Meat Price Time Series Forecast

In the land of eternal blue skies and nearly 70 million animals, meat is getting expensive

Time series of beef and mutton prices from 2011 to 2019.

How Meat Works in Mongolia

In the *opinion* section of Ikon.mn. Headline translation: “The price of meat is skyrocketing and there is a shortage!”

Are increasing exports causing record prices?

Exports may be causing prices to increase, but I do not believe it is the main driver.

3.8% loss in 2018

What happened to inflation?

Mongolians are richer than they were 8 years ago

The Tsuivan Index

Becoming the Meat Price Prophet

Conclusion

Intelligence agents “inspected” meat exporters. I assume they found meat.

Mongolian Data Stories

Using data analysis, visualization, and machine learning to tell Mongolia’s story. Interested in writing for Mongolian Data Stories? Send an email to Robert Ritz (editor of MDS) at robertritz@outlook.com.

Robert Ritz

Written by

Data Scientist and Director of LETU Mongolia. Keen observer of Mongolia.

Mongolian Data Stories

Using data analysis, visualization, and machine learning to tell Mongolia’s story. Interested in writing for Mongolian Data Stories? Send an email to Robert Ritz (editor of MDS) at robertritz@outlook.com.