ALTERNATIVE FORMS OF PRICE EXPECTATIONS IN SUPPLY ANALYSIS FOR U.S. CORN AND SOYBEAN ACREAGES

The consequences of frequently used price expectation models are analyzed by comparing the responsiveness of U.S. corn and soybean acreages to six alternative formulations. The trade-off between bias and variance associated with these forecasts is investigated. The results of this study have important implications for future research on supply analysis.


Issue Date:
1989-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/32351
Published in:
Western Journal of Agricultural Economics, Volume 14, Number 2
Page range:
281-292
Total Pages:
12




 Record created 2017-04-01, last modified 2017-08-22

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