Vol. 13, Issue 3 (2024)

Author(s):
Ashish Baluni, Ashalatha KV and Vinushree R

Abstract:
Dairy production and processing certainly appear to be the most important industry in terms of contributing to the global challenge of food security today and in the future. Milk is a common agricultural product produced by dairy animals in practically every country, and many people also survive on dairy farms via employment. Dairy is one of the largest agri-businesses in India and a significant contributor to the economy. In India, the largest milk producer in the world, production increased by 4.2 per cent to 192 MT. This study focuses on the growth modeling with various statistical models to find best curve of fit. To meet the objective of the study, various curves viz., polynomial, logarithmic, inverse, compound, power, growth and exponential are fitted over the production of milk and milk products. In this study data from June 2015 to December 2020 was collected for milk procurement. With the highest adjusted R² value and lowest RMSE of cubic model, it was considered as best fit among all other growth models for milk procurement.