VALIDATING PREDICTING EQUATIONS: THE SUPPLY OF FEEDER CALVES IN WEST VIRGINIA

The objectives of this article were first to develop a viable predicting model of the West Virginia feeder calf supply using calves marketed as the dependent variable. The second objective was to validate the predicting model using the "leaveĀ·out-one-year'" procedure and to derive an alternative predicting equation using the jackknife technique. The purpose of the emphasis on the second objective was to provide a simple and direct demonstration, of a useful and necessary technique, for the large group of applied economists, who often use econometric methods, but who do not consider themselves to be econon etric specialists.


Issue Date:
1979-04
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/159301
Published in:
Journal of the Northeastern Agricultural Economics Council, Volume 08, Number 1
Journal of the Northeastern Agricultural Economics Council
Page range:
39-43
Total Pages:
5




 Record created 2017-04-01, last modified 2017-08-27

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