AN AUTOMATED ECONOMETRIC APPROACH FOR ESTIMATING AND REPORTING DAILY COTTON MARKET PRICES

An automated price reporting system developed through computer technology and hedonic price theory is used to estimate daily cotton market prices, premiums, and discounts. This objective approach for reporting cotton market prices was developed to complement the objective measures of high volume instrument grading of cotton. The computerized, econometric system is limited to the Texas and Oklahoma marketing regions where sales are readily available from electronic markets. The econometric based system has shown all the characteristics of an efficient price reporting system; it is accurate, reliable, consistent, and repeatable in its working process and price estimates.


Issue Date:
1995-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15264
Published in:
Journal of Agricultural and Applied Economics, Volume 27, Number 2
Page range:
409-422
Total Pages:
14




 Record created 2017-04-01, last modified 2017-08-23

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