I have monthly milk production data. Milk production is driven by price, weather, and many other factors.
I am studying the effect of weather on-farm milk levels. I have found prices and policies have also played a vital role in lower milk levels. Before analyzing the data for the effect of weather, I would like to remove the effect of the milk price (one month lag) on milk production data. I have monthly milk price data. I would like to know how to remove the same.
Looking forward to your reply.
This is an interdisciplinary study, hence limited knowledge on this area.
I am studying the effect of weather on-farm milk levels. I have found prices and policies have also played a vital role in lower milk levels. Before analyzing the data for the effect of weather, I would like to remove the effect of the milk price (one month lag) on milk production data. I have monthly milk price data. I would like to know how to remove the same.
Looking forward to your reply.
This is an interdisciplinary study, hence limited knowledge on this area.