Dairy Supply Response under Stochastic Trend and Seasonality: A Structural Time Series Analysis

Laxmi Paudel, Jack E. Houston and Nirmala Devkota

No 35531, 2005 Annual Meeting, February 5-9, 2005, Little Rock, Arkansas from Southern Agricultural Economics Association

Abstract: A structural time series methodology was used to examine the role of stochastic trend and seasonality in dairy supply response model. In our analysis, the dairy supply model with stochastic seasonality and deterministic trend performs best in terms of diagnostic tests, goodness-of-fit measures, and forecasting accuracy.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Pages: 20
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:saeafl:35531

DOI: 10.22004/ag.econ.35531

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