Xiao, Jinzhi; Lence, Sergio; Hart, Chad - Agricultural and Applied Economics Association - AAEA - 2014
Forecasts of U.S. ending stocks for corn, soybean, and wheat issued by the USDA and private analysts are evaluated. The null hypothesis that USDA forecasts are unbiased cannot be rejected. The null hypothesis that private analysts' forecasts are unbiased forecasts of USDA forecasts cannot be...