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 … issued by the USDA and private analysts are inefficient. Overall, the precision of the USDA forecasts and the private …
