A Bayesian Vector Autoregresive Model of the U.S. Dairy Industry
A Price Forecasting Model
(Sprache: Englisch)
This work develops a structural Bayesian Vector Autoregressive price forecasting model of the U.S. dairy industry based on monthly price, production, and inventory data. It also provides a relatively simple and clear understanding of the quantitative...
Leider schon ausverkauft
versandkostenfrei
Buch
68.00 €
34 DeutschlandCard Punkte
sammeln
- Lastschrift, Kreditkarte, Paypal, Rechnung
- Kostenlose Rücksendung
- Ratenzahlung möglich
Produktdetails
Produktinformationen zu „A Bayesian Vector Autoregresive Model of the U.S. Dairy Industry “
Klappentext zu „A Bayesian Vector Autoregresive Model of the U.S. Dairy Industry “
This work develops a structural Bayesian Vector Autoregressive price forecasting model of the U.S. dairy industry based on monthly price, production, and inventory data. It also provides a relatively simple and clear understanding of the quantitative relationships between the prices of milk, cheese, butter, non-fat dry milk, whey, and dry buttermilk. The Bayesian feature allows for more efficient use of prior information, improves handling of seasonality, and solves the degree-of-freedom problem inherent in vector autoregressions. As current production and inventory data affect future prices with a lag, the autoregressive model is especially suitable for short-term price forecasting by dairy producers, processors, and wholesale distributors. Impulse response functions isolate the effects of various shocks on dairy product prices, while error bands indicate forecasting precision. Forecasting errors are found acceptable for practical business purposes.
Bibliographische Angaben
- Autor: Krassimir Petrov
- 2010, 176 Seiten, Maße: 15 x 22 cm, Kartoniert (TB), Englisch
- Verlag: LAP Lambert Academic Publishing
- ISBN-10: 3838318935
- ISBN-13: 9783838318936
Sprache:
Englisch
Kommentar zu "A Bayesian Vector Autoregresive Model of the U.S. Dairy Industry"
0 Gebrauchte Artikel zu „A Bayesian Vector Autoregresive Model of the U.S. Dairy Industry“
| Zustand | Preis | Porto | Zahlung | Verkäufer | Rating |
|---|
Schreiben Sie einen Kommentar zu "A Bayesian Vector Autoregresive Model of the U.S. Dairy Industry".
Kommentar verfassen