APPLE PRICE AND PRODUCTION FORECASTS FOR MAINE AND THE UNITED STATES

An econometric model of U.S. and Maine apple production and prices was estimated with ordinary least squares multiple regression. A Gauss-Seidel solution technique was used to examine the equation system goodness of fit and to forecast endogenous variable values. Results indicate that supply expansion in the U.S. and Maine will continue, but Maine's slower rate of increase will erode its market share. Apple prices for the U.S. and Maine are predicted to decline in real terms by the year 2000 if inflation rates exceed 3 percent annually during the period 1982 to 2000.


Issue Date:
1984-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/28901
Published in:
Northeastern Journal of Agricultural and Resource Economics, Volume 13, Number 2
Page range:
268-276
Total Pages:
9




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

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