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PROFITABILITY OF ALFALFA HAY STORAGE USING PROBABILITIES: AN EXTENSION APPROACH AgEcon
Shane, Ronald L.; Myer, Gordon L..
Film managers are usually faced with making decisions involving risk and uncertainty. A common source of risk and uncertainty is related to price variability. It is possible to attach probabilities to price variability based on historical data, thus providing the manager with additional information to base decisions. The purpose of this study is to develop and present extension information in a form that assists a producer to choose a marketing strategy based on the producer’s own risk preference. This was done by developing profitability of percentage rates of return based on historical data. Alfalfa hay is used as the commodity example.
Tipo: Journal Article Palavras-chave: Crop Production/Industries.
Ano: 1980 URL: http://purl.umn.edu/32387
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COMBINING ANNUAL ECONOMETRIC FORECASTS WITH QUARTERLY ARIMA FROECASTS: A HEURISTIC APPROACH AgEcon
Myer, Gordon L.; Yanagida, John F..
Data limitations often limit the time framework in which agricultural commodities are modeled and prices forecasted. Our research provides a technique to alleviate this constraint. By combining an annual econometric model with a quarterly ARIMA model, quarterly forecasts can be made which utilize the theoretical and structural foundations in econometric modeling.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Research Methods/ Statistical Methods.
Ano: 1984 URL: http://purl.umn.edu/32375
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