Cereals Production Influence over the Trade Balance in Romania and in the European Union

Abstract

The paper presents the evolution of two indicators, cereals production and trade balance in Romania and in the European Union. The evolution was analyzed over eleven years from 2002 to 2012. Statistical methods have been used in order to establish the real and correct evolution of the indicators during the analyzed period. The paper also tries to demonstrate if there is any correlation between the indicators, using also statistical methods of analysis. There was applied A regression and correlation method, linear function. The results show that for Romania there is a direct correlation but a weak one. For the European Union, the model shows that is an inverse proportion correlation.