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Use of Forecasts in Decisionmaking: The Case of Stocker Cattle in Florida
Published online by Cambridge University Press: 28 April 2015
Abstract
The decision to overwinter feeder cattle hinges directly on the forecast of spring cattle prices. An analysis of price forecasts from several alternative models is presented. The models are evaluated using both the traditional mean square criterion and alternative criteria. The alternative criteria evaluate the profitability of the decision implemented based upon the forecast.
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- Copyright © Southern Agricultural Economics Association 1983
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