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Validating Predicting Equations: The Supply Of Feeder Calves In West Virginia

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  • Kuehn, John P.

Abstract

The objectives of this article were first to develop a viable predicting model of the West Virginia feeder calf supply using calves marketed as the dependent variable. The second objective was to validate the predicting model using the "leave·out-one-year'" procedure and to derive an alternative predicting equation using the jackknife technique. The purpose of the emphasis on the second objective was to provide a simple and direct demonstration, of a useful and necessary technique, for the large group of applied economists, who often use econometric methods, but who do not consider themselves to be econon etric specialists.

Suggested Citation

  • Kuehn, John P., 1979. "Validating Predicting Equations: The Supply Of Feeder Calves In West Virginia," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 8(01), pages 1-5, April.
    • Handle: RePEc:ags:nareaj:159301
    DOI: 10.22004/ag.econ.159301
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    References listed on IDEAS

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    1. Russell G. Thompson & J. Michael Sprott & Richard W. Callen, 1972. "Demand, Supply, and Price Relationships for the Broiler Sector, with Emphasis on the Jack-Knife Method," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 245-248.
    2. T. Dudley Wallace, 1977. "Pretest Estimation in Regression: A Survey," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 431-443.
    3. Olman Hee, 1966. "Tests for Predictability of Statistical Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(5), pages 1479-1484.
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