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Model Validation And The Net Trade Model

Author

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  • Kost, William E.

Abstract

The article discusses processes of validating structural forecasting models It summarizes methods of evaluating the goodness of fit of model Simulations over historical periods and methods of comparing the forecasting behavior of structural models with that of Simple time series models The net trade model provides a case study for these two validation processes

Suggested Citation

  • Kost, William E., 1980. "Model Validation And The Net Trade Model," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 32(2), pages 1-16, April.
  • Handle: RePEc:ags:uersja:148625
    DOI: 10.22004/ag.econ.148625
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    Citations

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    Cited by:

    1. Christopher S. McIntosh & Jeffrey H. Dorfman, 1992. "Qualitative Forecast Evaluation: A Comparison of Two Performance Measures," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(1), pages 209-214.
    2. MacDonald, Stephen, 1992. "The Accuracy of USDA's Export Forecasts," Staff Reports 278679, United States Department of Agriculture, Economic Research Service.
    3. Recio, B. & Rubio, F. & Lomban, J. & Ibanez, J., 1999. "An econometric irrigated crop allocation model for analyzing the impact of water restriction policies," Agricultural Water Management, Elsevier, vol. 42(1), pages 47-63, September.
    4. Grant, Warren R. & Beach, John & Lin, William, 1984. "Factors Affecting Supply, Demand, And Prices Of U.S. Rice," Staff Reports 277629, United States Department of Agriculture, Economic Research Service.
    5. Poonyth, Daneswar & van Zyl, Johan & Meyer, Ferdinand H., 2000. "Forecasting the market outlook for the South African maize and sorghum sector using econometric modeling," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 39(4), pages 1-13, December.
    6. Liu, Hsiang-Hsi, 1983. "An annual simultaneous equation econometric model of U.S. corn and soybean cash and futures markets," ISU General Staff Papers 198301010800009935, Iowa State University, Department of Economics.
    7. Gadson, Kenneth E. & Price, J. Michael & Salathe, Larry E., 1982. "Food And Agricultural Policy Simulator (Fapsim): Structural Equations And Variable Definitions," Staff Reports 276743, United States Department of Agriculture, Economic Research Service.
    8. French, Ben C. & King, Gordon A., 1988. "Dynamic Economic Relationships in the California Cling Peach Industry," Research Reports 251938, University of California, Davis, Giannini Foundation.
    9. Jesdapipat, Dusit, 1987. "Dependency and Vulnerability: Japan's Neef and Feed Grain Imports in a Turbulent World Economy," 1987 Occasional Paper Series No. 4 197430, International Association of Agricultural Economists.
    10. Willett, Lois Schertz & Watanabe, Satoko, 1991. "A Comparison Of Simulation And Analytical Methods: A Case Study Of The Effects Of Decoupling On The U.S. Rice Industry," 1991 Annual Meeting, August 4-7, Manhattan, Kansas 271171, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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