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Article contents
Level of Structural Aggregation and Predictive Accuracy of Milk Supply Response Estimates
Published online by Cambridge University Press: 10 May 2017
Abstract
Milk supply response was estimated for Pennsylvania using three different levels of structural aggregation. The base level involved the estimation of milk production in a single equation. Under the second method, production was the product of two equations: milk per cow and number of milk cows. The third method factored production into three equations: milk per cow, number of dairy farms, and number of cows per farm. As expected, the greater the degree of disaggregation the more was learned about the structural aspects of milk production. At the same time, predictive accuracy generally decreased, but the differences among models was slight.
- Type
- Research Article
- Information
- Northeastern Journal of Agricultural and Resource Economics , Volume 15 , Issue 1 , April 1986 , pp. 32 - 36
- Copyright
- Copyright © 1986 Northeastern Agricultural and Resource Economics Association
Footnotes
Journal Paper No. 7214, Pennsylvania Agricultural Experiment Station.
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