CONFIDENCE INTERVALS FOR CORN PRICE AND UTILIZATION FORECASTS

Lloyd D. Teigen and Thomas M. Bell

Journal of Agricultural Economics Research, 1978, vol. 30, issue 01, 7

Abstract: 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.

Keywords: Crop Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:148093

DOI: 10.22004/ag.econ.148093

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