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Forecasts of Farm Animal Production in the New England States and in the U.S.

Published online by Cambridge University Press:  10 May 2017

Tsoung-Chao Lee  and
Stanley K. Seaver
Tsoung-Chao Lee
Affiliation:
Department of Agricultural Economics and Rural Sociology, University of Connecticut, Storrs, Connecticut
Stanley K. Seaver
Affiliation:
Department of Agricultural Economics and Rural Sociology, University of Connecticut, Storrs, Connecticut
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Abstract

The purpose of the analysis is to forecast livestock and poultry numbers for New England and the U. S. The effect of increasing feed transportation rates on these numbers is also examined. The direct estimates of the reduced form equations are utilized in forecasting numbers for seven livestock and poultry classes. Forecast rules of thumb are specified in the simplified lag model. A large model consisting of 26 predetermined variables yields very high degrees of accuracy with errors mostly less than one percent.

Type
Research Article
Information
Journal of the Northeastern Agricultural Economics Council , Volume 9 , Issue 1 , April 1980 , pp. 23 - 28
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

This is Scientific Contribution No. 780, Connecticut (Storrs) Agricultural Experiment Station. The research reported in this publication was supported in part by funds made available through the USDA under the provisions of PL 89–106. The authors acknowledge comments from three Journal reviewers.

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