CONFIDENCE INTERVALS FOR CORN PRICE AND UTILIZATION FORECASTS

An approximate variance of forecast is derived based on the structural coefficients and the variance around the structural equations. For the corn model, standard error of price was estimated to be $0.23 per bushel when neither acreage nor yield are known and $0.11 per bushel when production is known.

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Year of publication:	1978
Authors:	Teigen, Lloyd D. ; Bell, Thomas M.
Published in:	Agricultural Economics Research. - Economic Research Service. - 1978, 1
Publisher:	Economic Research Service
Subject:	Corn \| forecast \| variance \| confidence intervals \| Crop Production/Industries \| Risk and Uncertainty

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

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