VALIDATING PREDICTING EQUATIONS: THE SUPPLY OF FEEDER CALVES IN WEST VIRGINIA

John P. Kuehn

Journal of the Northeastern Agricultural Economics Council, 1979, vol. 08, issue 01, 5

Abstract: The objectives of this article were first to develop a viable predicting model of the West Virginia feeder calf supply using calves marketed as the dependent variable. The second objective was to validate the predicting model using the "leave·out-one-year'" procedure and to derive an alternative predicting equation using the jackknife technique. The purpose of the emphasis on the second objective was to provide a simple and direct demonstration, of a useful and necessary technique, for the large group of applied economists, who often use econometric methods, but who do not consider themselves to be econon etric specialists.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nareaj:159301

DOI: 10.22004/ag.econ.159301

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