THE REPRESENTATION OF RISK IN ECONOMETRIC MODELS OF SUPPLY: SOME OBSERVATIONS

John P. Brennan

Australian Journal of Agricultural Economics, 1982, vol. 26, issue 2, 6

Abstract: The high correlation between many of the measures used to represent risk in econometric models of supply is demonstrated. A case is made for a very simple measure, the moving range, to be used to represent risk in these models.

Keywords: Risk; and; Uncertainty (search for similar items in EconPapers)
Date: 1982
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22606

DOI: 10.22004/ag.econ.22606

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