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In order to meet the needs of a rapidly growing population, agricultural companies today are having to cope with high energy prices, climate change, and concerns about environment, while at the same time managing traditional factors such as improving crop yields and minimizing the damage from pests and disease.
Despite more advanced agricultural methods, high commodity prices are putting strains on both agricultural producers and consumers, in the form of high food prices. Applying scientific knowledge to agricultural sector can give industry players a competitive advantage and help optimize their production. Multivariate analysis can be used for a wide range of applications, including:
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