QUARTERLY ECONOMETRIC MODEL AND FORECASTS OF THE MINNESOTA AND U.S. IRON MINING INDUSTRY

Harald C. Lyche and Wilbur R. Maki

No 13890, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: The Report projects quarterly production and stock levels for the Minnesota and U.S. iron mining industry to the year 2000. Projections of Minnesota's iron industry employment are subsequently derived from the production forecasts. Ordinary least squares regression techniques are used to analyze the seasonality patterns that existed between 1955 and 1978. The regression equations, based on the quarterly data, were calibrated so they could be used to seasonalize the annual iron ore consumption, production and import projections developed by the U.S. Bureau of Mines. Alternate industry forecast series are presented to facilitate comparison with the yearly baseline projection series.

Keywords: Community/Rural/Urban Development; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 45
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:13890

DOI: 10.22004/ag.econ.13890

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