Forecasting the Quarterly Rice Production in the Province of Iloilo Using Different Forecasting Models

In: Business and Management

Submitted By aine2014
Words 8603
Pages 35
CHAPTER I
INTRODUCTION
Brief Background
“Rice,” first used in the middle of the 13th century, undergoes a long journey on derivation of its name. It is written to have originated from the Old French, “ris,” which came from the Italian “riso,” which in turn from the Latin “oriza.” Despite having a series of appellation, rice is simply the seed of the monocot plants Oryzasativa (Asian rice) or Oryzaglaberrima (African rice), considered to be the most utterly consumed staple food for a vast portion of the world’s human population, specifically in Asia and the second-highest with the most number of production, after corn, based on the 2010 data of FAOSTAT, the Food and Agricultural Organization of the United Nations.

Notwithstanding the association, Oryzasativaand Oryzaglaberrimaare two different species. The former is more predominantly acknowledged than the latter because of its popularity in cereal biology. Great subspecies with variety of kinds have been widely generated because of its easy genetic modification for the reason that it contains the largest genome, consisting of 430 Mb across 12 chromosomes, among the cereal plant(Linares, 2002).

One of its speciesis the sticky, short grained Japonica or Sinica variety, usually cultivated in dry fields, in temperate East Asia, upland areas of Southeast Asia and high elevations in South Asia. Second is the non-stick, long-grained Indica varietywhich is mainly lowland rice, grown mostly submerged, throughout tropical Asia. And the third is the broad-grained rice, thrives under tropical conditions, initially called as Javanica, but is now known as Tropical Japonica. Example of thisinclude the medium grain 'Tinawon' and 'Unoy' cultivars, which are grown in the high-elevation rice terraces of the Cordillera Mountains of Northern Luzon. Apart from these subspecies, Oryzasativa is also famous for its assortment of…...

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