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Modeling Cyclical Cattle Prices In A Monte Carlo Setting

Author

Listed:
  • VanTassell, Larry W.
  • Conner, J. Richard
  • Richardson, James W.

Abstract

A methodology for simulating harmonic regressions is presented that allows for the stochastic simulation of the harmonic regressions when various orders of autocorrelation are present. Statistical properties of the historical correlations are respectably maintained in an empirical example using ten livestock classes which exhibit first and twelfth order autocorrelation.

Suggested Citation

  • VanTassell, Larry W. & Conner, J. Richard & Richardson, James W., 1990. "Modeling Cyclical Cattle Prices In A Monte Carlo Setting," 1990 Annual meeting, August 5-8, Vancouver, Canada 270896, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea90:270896
    DOI: 10.22004/ag.econ.270896
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    References listed on IDEAS

    as
    1. John R. Franzmann & Rodney L. Walker, 1972. "Trend Models of Feeder, Slaughter, and Wholesale Beef Cattle Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 507-512.
    2. Beck, A. C. & Harrison, I. & Johnston, J. H., 1982. "Using simulation to assess the risks and returns from pasture improvement for beef production in agriculturally underdeveloped regions," Agricultural Systems, Elsevier, vol. 8(1), pages 55-71, January.
    Full references (including those not matched with items on IDEAS)

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