Climatic Effects on Cotton and Tea Productions in Bangladesh and Measuring Efficiency using Multiple Regression and Stochastic Frontier Model Respectively

Abstract

The main objective of this study is to develop Multiple Regression model to measure the Climatic effects on cash crop (Cotton and Tea) productions and to measure productions efficiency due to Climates using Stochastic Frontier model. From the analysis of the Multiple Regression model which gives the high R-square value implies to accept a good model. At the same time, all other assumptions and model validation checking test are very well satisfied which implies these fitted model are good model to measure the climatic effects in Bangladesh. Again, From the Stochastic Frontier model, there is a huge opportunity to increase Cotton production by increasing Technology to get maximum productions and Tea achieves maximum productions.Key words: Cash crop, Climate, Multiple Regression model and Stochastic Frontier model