@article{Ibrahim:34838,
      recid = {34838},
      author = {Ibrahim, Mohammed and Florkowski, Wojciech J.},
      title = {Forecasting U.S. Shelled Pecan Prices: A Cointegration  Approach},
      address = {2007},
      number = {1367-2016-108376},
      series = {Selected Paper},
      pages = {11},
      year = {2007},
      abstract = {The relationship between shelled pecan prices and  inventories is examined drawing using Engle-Granger and  Johansen approaches to cointegration. Forecasts are made  using the univariate ARIMA and cointegration methods.  Monthly data are used (January 1992 to December 2004).  Results suggest that both shelled pecan inventories and  shelled pecan prices are nonstationary. Both Engle-Granger  and Johansen cointegration tests found evidence of long run  relationship between pecan prices and inventories. The  ARIMA model outperformed the coointegration techniques at  shorter forecast periods. The Cointegration methods,  however, outperformed the ARIMA model with the  Engle-Granger cointegration having the smallest MAPE  statistic.},
      url = {http://ageconsearch.umn.edu/record/34838},
      doi = {https://doi.org/10.22004/ag.econ.34838},
}