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Confidence Intervals For Corn Price And Utilization Forecasts

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  • Teigen, Lloyd D.
  • Bell, Thomas M.
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    Abstract

    An approximate variance of forecast is derived based on the structural coefficients and the variance around the structural equations. For the corn model, standard error of price was estimated to be $0.23 per bushel when neither acreage nor yield are known and $0.11 per bushel when production is known.

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    Bibliographic Info

    Article provided by United States Department of Agriculture, Economic Research Service in its journal Agricultural Economics Research.

    Volume (Year): (1978)
    Issue (Month): 1 ()
    Pages:

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    Handle: RePEc:ags:ueraer:148093

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    Related research

    Keywords: Corn; forecast; variance; confidence intervals; Crop Production/Industries; Risk and Uncertainty;

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    Cited by:
    1. Isengildina-Massa, Olga & Sharp, Julia L., 2013. "Interval Forecast Comparison," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150791, Agricultural and Applied Economics Association.
    2. Ferris, John N., 2006. "Forecasting World Crop Yields as Probability Distributions," 2006 Annual Meeting, August 12-18, 2006, Queensland, Australia 25649, International Association of Agricultural Economists.

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