Forecasting the Basis for Corn in Western New York
This study develops a simple model to forecast the basis for corn in a specific region. Improved forecasts can improve hedging decisions. Basis behavior, however, depends on explanatory variables that are themselves difficult to forecast with precision. Thi limits the u efulness of the ba is model , but it doe offer some benefit over naive foreca ts.
Volume (Year): 13 (1984)
Issue (Month): 1: (April)
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- 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.
- Paul, Allen B., 1976. "Treatment of Hedging in Commodity Market Regulation," Technical Bulletins 158109, United States Department of Agriculture, Economic Research Service.
- Querin, S.F. & Tomek, W.G., 1983. "Hedging Strategies Utilizing Technical Analysis: An Application to Corn in Western New York," Research Bulletins 184095, Cornell University, Department of Applied Economics and Management.
- Feldstein, Martin S, 1971. "The Error of Forecast in Econometric Models when the Forecast-Period Exogenous Variables are Stochastic," Econometrica, Econometric Society, vol. 39(1), pages 55-60, January.
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