STATISTICAL SIGNIFICANCE AND STABILITY OF THE HOG CYCLE

Cyclical fluctuations in prices and production have long characterized the United States hog industry. Recent evidence suggests that the length of the hog cycle has changed. In order to determine whether the change in cycle length is statistically significant, the bootstrap technique is employed to derive confidence intervals for point estimates of the hog cycle. Application of the bootstrap technique to time series models is discussed and empirical results are presented. It is concluded that the hog cycle is undergoing rather complicated changes based on cycle lengths that are calculated to be statistically different from zero.


Issue Date:
1986-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/29778
Published in:
Southern Journal of Agricultural Economics, Volume 18, Number 2
Page range:
227-233
Total Pages:
7




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

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