SHORT-RUN FORECASTING MODELS OF BEEF PRICES

Ronald A. Oliveira, Carl W. O'Connor and Gary W. Smith

Western Journal of Agricultural Economics, 1979, vol. 04, issue 01, 12

Abstract: This paper reports on the development of autoregressive-integrated-moving-average (ARIMA) forecasting models for selected cattle price series and the nearby live cattle futures price. The ARIMA models are fitted to weekly data by employing the Box-Jenkins time series modeling procedure. Relatively accurate short-run forecasts are obtained with the estimated models, with the Midwest price models performing better than Northwest price models, and the nearby futures model being considerably more accurate for longer forecasting horizons.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Date: 1979
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:wjagec:32434

DOI: 10.22004/ag.econ.32434

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