ERROR SPECIFICATION IN TRANSFORMED MODELS

David Smallwood and James Blaylock

No 279374, 1981 Annual Meeting, July 26-29, Clemson, South Carolina from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Autocorrelated residuals and a heteroskedastic error variance are both jointly and separately incorporated into a Box-Cox transformed model. A quarterly demand equation for pork is used for purposes of illustration. Results indicate that both functional form and error term specification play a crucial role in hypothesis testing and estimation of elasticities.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 14
Date: 1981-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea81:279374

DOI: 10.22004/ag.econ.279374

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