Agricultural Price Expectations: An Erroneous, but Better Approach to Measurement

The subjective, market level expectation of price is an unobservable which at best can be measured with error. The usefulness of the past and current cash prices and futures prices are considered. An errors-invariables model of price expectations is introduced and applied in a model of U. S. aggregate soybean supply.


Subject(s):
Issue Date:
1981-07
Publication Type:
Conference Paper/ Presentation
DOI and Other Identifiers:
Record Identifier:
https://ageconsearch.umn.edu/record/279390
Language:
English
Total Pages:
17




 Record created 2018-10-31, last modified 2020-10-28

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