CONFIDENCE INTERVALS FOR CORN PRICE AND UTILIZATION FORECASTS

An approximate variance of forecast is derived based on the structural coefficients and the variance around the structural equations. For the corn model, standard error of price was estimated to be $0.23 per bushel when neither acreage nor yield are known and $0.11 per bushel when production is known.


Issue Date:
1978-01
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/148093
Published in:
Agricultural Economics Research, Volume 30, Number 1
Page range:
23-29
Total Pages:
7




 Record created 2017-04-01, last modified 2017-08-27

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