Bootstrapping Confidence Intervals: An Application to Forecasting the Supply of Pork

David M. Prescott and Thanasis Stengos

American Journal of Agricultural Economics, 1987, vol. 69, issue 2, 266-273

Abstract: The article demonstrates how the distribution-free method of bootstrapping can be applied to the construction of confidence intervals for forecasts generated by a dynamic econometric model. Because the exogenous variables must be forecast, the forecasts of the dependent variable are functions of stochastic forecast-period exogenous variables. A dynamic model of pork supply is used to illustrate the procedure.

Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:69:y:1987:i:2:p:266-273.

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