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Forecasting Regional Milk Production Quantity: A Comparison of Regression Models and Machine Learning

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  • Baaken, Dominik
  • Hess, Sebastian

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  • Baaken, Dominik & Hess, Sebastian, 2021. "Forecasting Regional Milk Production Quantity: A Comparison of Regression Models and Machine Learning," 2021 Conference, August 17-31, 2021, Virtual 315117, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaae21:315117
    DOI: 10.22004/ag.econ.315117
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    References listed on IDEAS

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    1. Susan Athey & Guido W. Imbens, 2019. "Machine Learning Methods That Economists Should Know About," Annual Review of Economics, Annual Reviews, vol. 11(1), pages 685-725, August.
    2. Athey, Susan & Imbens, Guido W., 2019. "Machine Learning Methods Economists Should Know About," Research Papers 3776, Stanford University, Graduate School of Business.
    3. Parsons, David J. & Rey, Dolores & Tanguy, Maliko & Holman, Ian P., 2019. "Regional variations in the link between drought indices and reported agricultural impacts of drought," Agricultural Systems, Elsevier, vol. 173(C), pages 119-129.
    4. Ifft, Jennifer & Kuhns, Ryan & Patrick, Kevin, 2018. "Can machine learning improve prediction – an application with farm survey data," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 21(8), September.
    5. Hui Zou & Trevor Hastie, 2005. "Addendum: Regularization and variable selection via the elastic net," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 67(5), pages 768-768, November.
    6. Hugo Storm & Kathy Baylis & Thomas Heckelei, 2020. "Machine learning in agricultural and applied economics," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 47(3), pages 849-892.
    7. Sendhil Mullainathan & Jann Spiess, 2017. "Machine Learning: An Applied Econometric Approach," Journal of Economic Perspectives, American Economic Association, vol. 31(2), pages 87-106, Spring.
    8. Arne Hallam, 1991. "Economies of Size and Scale in Agriculture: An Interpretive Review of Empirical Measurement," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(1), pages 155-172.
    9. Zohra Bouamra-Mechemache & Roel Jongeneel & Vincent Réquillart, 2008. "Impact of a gradual increase in milk quotas on the EU dairy sector," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 35(4), pages 461-491, December.
    10. Hui Zou & Trevor Hastie, 2005. "Regularization and variable selection via the elastic net," Journal of the Royal Statistical Society Series B, Royal Statistical Society, vol. 67(2), pages 301-320, April.
    11. Don P. Blayney & Ron C. Mittelhammer, 1990. "Decomposition of Milk Supply Response into Technology and Price-Induced Effects," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(4), pages 864-872.
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    Keywords

    Livestock Production/Industries;

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