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Use of Forecasts in Decisionmaking: The Case of Stocker Cattle in Florida

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  • Spreen, Thomas H.
  • Arnade, Carlos A.

Abstract

The decision to overwinter feeder cattle hinges directly on the forecast of spring cattle prices. An analysis of price forecasts from several alternative models is presented. The models are evaluated using both the traditional mean square criterion and alternative criteria. The alternative criteria evaluate the profitability of the decision implemented based upon the forecast.

Suggested Citation

  • Spreen, Thomas H. & Arnade, Carlos A., 1983. "Use of Forecasts in Decisionmaking: The Case of Stocker Cattle in Florida," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 16(1), pages 145-150, July.
    • Handle: RePEc:cup:jagaec:v:16:y:1984:i:01:p:145-150_01
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    Cited by:

    1. Johnson, Frank & Spreen, Thomas H. & Hewitt, Timothy, 1987. "A Stochastic Dominance Analysis of Contract Grazing Feeder Cattle," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 19(2), pages 11-19, December.
    2. Wes Harrison, R. & Bobst, Barry W. & Benson, Fred J. & Meyer, Lee, 1996. "Analysis of the Risk Management Properties of Grazing Contracts Versus Futures and Option Contracts," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 28(2), pages 247-262, December.
    3. Harrison, R. Wes, 1998. "Stochastic Dominance Analysis Of Futures And Option Strategies For Hedging Feeder Cattle," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 27(2), pages 1-11, October.

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