Patent ID: 6865542
Filing Date: 2005-03-08
Classification: G06Q

Abstract:
1. A method of using a computer for forecasting a price, an amount of consumption, an amount of production and an amount of trade flow of a plurality of primary and processed agricultural commodities, so as to enable their use to optimally allocate industrial or technological resources employed in the production, consumption or trading of said agricultural commodities based on said forecasted values for the commodity prices and amounts of consumption, production and trade flow, using said computer to perform the following steps comprising: accessibly storing an inputs database; creating the inputs database, comprising: refining a multi-component spatial equilibrium function ( forecasting the price and amounts of consumption, production and trade flow of the primary and processed commodities in the regions, by solving the refined function ( if more than one forecast scenario is defined, repeating the forecasting step under each of said forecast scenarios; accessibly storing a results database comprising the forecasted price and amounts of consumption, production and trade flow of the primary and processed commodities; and, outputting any of said results to use in deciding how to optimally allocate industrial or technological resources employed in the production, consumption or trading of said agricultural commodities.