An Application of Wavelet Analysis to Meat Consumption Cycles

Marija Banović, Luis Catela Nunes, Vladan Arsenijevic

CIISA—Faculty of Veterinary Medicine, Technical University of Lisbon, Lisbon, Portugal.
INOVA—Nova School of Business and Economics, Nova University of Lisbon, Lisbon, Portugal.
SIM—Faculty of Sciences, University of Lisbon, Lisbon, Portugal..

DOI: 10.4236/fns.2013.43034                

Abstract

The existence or nonexistence of changes in meat consumption cycles is critical to meat industry. If the change is existent, there is a need to understand what motivates the change to identify the most appropriate response. Wavelet analysis is considered here as a promising technique that may lead to a better understanding of characteristic patterns and changes in the meat consumption cycles.

Keywords

Meat Consumption Cycles; Wavelet Analysis

Conflicts of Interest

The authors declare no conflicts of interest.

References

[1]	J. Chavas, “Structural Change in the Demand for Meat,” American Journal of Agricultural Economics, Vol. 65, No. 1, 1983, pp. 148-153. doi:10.2307/1240351
[2]	G. Moschini and D. Meilke, “Parameter Stability and the US Demand for Beef,” Western Journal of Agricultural Economics, Vol. 9, No. 2, 1984, pp. 271-282.
[3]	B. Goodwin, “Multivariate Gradual Switching Systems and the Stability of US Meat Demands: A Bayesian Analysis,” Structural Change and Economic Dynamics, Vol. 3 No. 1, 1992, pp. 155-166. doi:10.1016/0954-349X(92)90032-2
[4]	E. W. Anderson and S. M. Shugan, “Repositioning for Changing Preferences—The Case of Beef versus Poultry,” Journal of Consumer Research, Vol. 18, No. 2, 1991, pp. 219-232. doi:10.1086/209254
[5]	J. Eales and L. Unnevehr, “Demand for Beef and Chicken Products: Separability and Structural Change,” American Journal of Agricultural Economics, Vol. 70, No. 3, 1988, pp. 521-532. doi:10.2307/1241490
[6]	R. Robenstein and W. Thurman, “Health Risk and the Demand for Red Meat: Evidence from Futures Markets,” Review of Agricultural Economics, Vol. 18, No. 4, 1996, pp. 629-641.
[7]	G. Tonsor and N. Olynk, “Impacts of Animal Well-Being and Welfare Media on Meat Demand,” Journal of Agricultural Economics, Vol. 62, No. 1, 2010, pp. 59-72. doi:10.1111/j.1477-9552.2010.00266.x
[8]	A. Resurreccion, “Sensory Aspects of Consumer Choices for Meat and Meat Products,” Meat Science, Vol. 66, No. 1, 2001, pp. 11-20. doi:10.1016/S0309-1740(03)00021-4
[9]	P. Crowley, “A Guide to Wavelets for Economists,” Journal of Economic Surveys, Vol. 21, No. 2, 2007, pp. 207267. doi:10.1111/j.1467-6419.2006.00502.x
[10]	A. Rua and L. Nunes, “International Comovement of Stock Market Returns: A Wavelet Analysis,” Journal of Empirical Finance, Vol. 16, No. 4, 2001, pp. 632-639. doi:10.1016/j.jempfin.2009.02.002
[11]	A. Grinsted, J. Moore and S. Jevrejeva, “Application of the Cross Wavelet Transform and Wavelet Coherence to Geophysical Time Series,” Nonlinear Processes in Geophysics, Vol. 11, No. 5/6, 2004, pp. 561-566. doi:10.5194/npg-11-561-2004
[12]	V. Arsenijevic, “A New Insight into the Classification of Type Ia Supernovae,” Monthly Notices of the Royal Astronomical Society (MNRAS), Vol. 414, No. 2, 2011, pp. 1617-1624. doi:10.1111/j.1365-2966.2011.18493.x
[13]	V. Arsenijevic, S. Fabbro, A. M. Mour?o and A. J. Rica da Silva, “Diversity of Supernovae Ia Determined Using Equivalent Widths of Si II 4000,” Astronomy & Astrophysics, Vol. 492, No. 2, 2008, pp. 535-544. doi:10.1051/0004-6361:200810675
[14]	C. B. Singh, R. Choudhary, D. S. Jayas and J. Paliwal, “Wavelet Analysis of Signals in Agriculture and Food Quality Inspection,” Food and Bioprocess Technology, Vol. 3, No. 1, 2010, pp. 2-12. doi:10.1007/s11947-008-0093-7
[15]	P. Jackman, D.-W. Sun and P. Allen, “Comparison of Various Wavelet Texture Features to Predict Beef Palatability,” Meat Science, Vol. 83, No. 1, 2009, pp. 82-87. doi:10.1016/j.meatsci.2009.04.003
[16]	I. Daubechies, “Ten Lectures on Wavelets,” 9th Edition, Society for Industrial and Applied Mathemathics, Philadelphia, 1992. doi:10.1137/1.9781611970104
[17]	C. Torrence and G. Compo, “A Practical Guide to Wavelet Analysis,” Bulletin of the American Meterological Society, Vol. 79, No. 1, 1998, pp. 61-78. doi:10.1175/1520-0477(1998)079<0061:APGTWA>2.0.CO;2
[18]	C. Torrence and P. Webster, “The Annual Cycle of Persistence in the El Ni?o-Southern Oscillation,” Quarterly Journal of the Royal Meteorological Society, Vol. 124, No. 550, 1998, pp. 1985-2004. doi:10.1002/qj.49712455010
[19]	M. Wohlgenant, “Estimating Cross Elasticities of Demand for Beef,” Western Journal of Agricultural Economics, Vol. 10, No. 2, 1985, pp. 322-329.