Forecasting the price of farmed Atlantic salmon: An integrated econometric and time series approach

The demand for and supply of Norwegian farmed Atlantic salmon in the United States and European Community are estimated using a dynamic specification and monthly statistics spanning from 1983 through 1987. Time series analysis is conducted to generate future values of exogenous variables which are incorporated into the econometric model to forecast the future FOB prices of Norwegian farmed Atlantic salmon in the US and the EC. The results show that these prices will be in a slight decline but not enough to be of great concern to the US salmon fishermen and famers in the short-run.