Using Bayesian Estimation and Decision Theory to Determine the Optimal Level of Nitrogen in Cotton

B Brorsen

No 142951, 2013 Annual Meeting, February 2-5, 2013, Orlando, Florida from Southern Agricultural Economics Association

Abstract: Improved software now makes Bayesian estimation a strong alternative to nonlinear maximum likelihood. Bayesian methods were used to estimate a linear response stochastic plateau for cotton and were shown to provide estimates similar to maximum likelihood. Optimal levels of nitrogen were lower than recommended levels.

Keywords: Crop Production/Industries; Farm Management; Production Economics; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 14
Date: 2013-01
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea13:142951

DOI: 10.22004/ag.econ.142951

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