AN OCTOBER PREDICTION OF THE DETROIT NOVEMBER PRICE FOR EGGS AT THE WHOLESALE LEVEL

Moon K. Lee

No 11048, Graduate Research Master's Degree Plan B Papers from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: The primary objective of this study is to formulate a multiple regression equation for predicting the November average price of Grade A, white, large eggs delivered in Detroit, Michigan. To accomplish the objective, several equations will be tried. The equation with the highest predicting power will be chosen to predict November price in 1970 as of October of that year. October was chosen on the basis that October price difference between medium and large size affected the November price considerable. Therefore, the factor just could not be dropped. The secondary objective in the study is to examine demand elasticities for eggs. Egg producers and policy makers may have the base in making decisions if egg marketing order is ineffective in the future.

Keywords: Demand and Price Analysis; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 65
Date: 1971
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midagr:11048

DOI: 10.22004/ag.econ.11048

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