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Information, hierarchical model structures and forecasting: A case study of the stock of dairy cows in England and Wales

A. J. Rayner and R. J. Young

European Review of Agricultural Economics, 1980, vol. 7, issue 3, 289-313

Abstract: Summary This paper suggests guidelines for ordering and utilising information (data and theory) in the construction of forecasting models. This framework leads to the notion of a threefold stratification of model structures which is seen to be hierarchical. An illustrative case-study of the approach is provided by the building of models for forecasting the stock of cows- in England and Wales.

Date: 1980
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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