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Use of Forecasts in Decisionmaking: The Case of Stocker Cattle in Florida

Published online by Cambridge University Press:  28 April 2015

Thomas H. Spreen  and
Carlos A. Arnade
Thomas H. Spreen
Affiliation:
Food and Resource Economics Department at theUniversity of Florida
Carlos A. Arnade
Affiliation:
Department of Agricultural Economics at theUniversity of Maryland
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Abstract

The decision to overwinter feeder cattle hinges directly on the forecast of spring cattle prices. An analysis of price forecasts from several alternative models is presented. The models are evaluated using both the traditional mean square criterion and alternative criteria. The alternative criteria evaluate the profitability of the decision implemented based upon the forecast.

Keywords

forecastingbeef cattlefeeder cattle
Type
Submitted Articles
Information
Journal of Agricultural and Applied Economics , Volume 16 , Issue 1 , July 1984 , pp. 145 - 150
Copyright
Copyright © Southern Agricultural Economics Association 1983

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References

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