THE REPRESENTATION OF RISK IN ECONOMETRIC MODELS OF SUPPLY: SOME OBSERVATIONS

The high correlation between many of the measures used to represent risk in econometric models of supply is demonstrated. A case is made for a very simple measure, the moving range, to be used to represent risk in these models.


Issue Date:
1982-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22606
Published in:
Australian Journal of Agricultural Economics, Volume 26, Number 2
Page range:
151-156
Total Pages:
6




 Record created 2017-04-01, last modified 2017-08-24

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