IDEAS home Printed from https://ideas.repec.org/a/ags/nareaj/159301.html
   My bibliography  Save this article

Validating Predicting Equations: The Supply Of Feeder Calves In West Virginia

Author

Listed:
  • Kuehn, John P.

Abstract

The objectives of this article were first to develop a viable predicting model of the West Virginia feeder calf supply using calves marketed as the dependent variable. The second objective was to validate the predicting model using the "leave·out-one-year'" procedure and to derive an alternative predicting equation using the jackknife technique. The purpose of the emphasis on the second objective was to provide a simple and direct demonstration, of a useful and necessary technique, for the large group of applied economists, who often use econometric methods, but who do not consider themselves to be econon etric specialists.

Suggested Citation

  • Kuehn, John P., 1979. "Validating Predicting Equations: The Supply Of Feeder Calves In West Virginia," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 8(1), pages 1-5, April.
    • Handle: RePEc:ags:nareaj:159301
    DOI: 10.22004/ag.econ.159301
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/159301/files/Validating%20predicting.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.159301?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Russell G. Thompson & J. Michael Sprott & Richard W. Callen, 1972. "Demand, Supply, and Price Relationships for the Broiler Sector, with Emphasis on the Jack-Knife Method," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(2), pages 245-248.
    2. T. Dudley Wallace, 1977. "Pretest Estimation in Regression: A Survey," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 431-443.
    3. Olman Hee, 1966. "Tests for Predictability of Statistical Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(5), pages 1479-1484.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kuehn, John P., 1979. "Validating Predicting Equations: The Supply Of Feeder Calves In West Virginia," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-5, April.
    2. Mittlehammer, Ron C., 1983. "Mixed Estimation: A New Perspective," 1983 Annual Meeting, July 31-August 3, West Lafayette, Indiana 279112, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Parcell, Joe L. & Kastens, Terry L. & Dhuyvetter, Kevin C. & Schroeder, Ted C., 2000. "Agricultural Economists' Effectiveness in Reporting and Conveying Research Procedures and Results," Agricultural and Resource Economics Review, Cambridge University Press, vol. 29(2), pages 173-182, October.
    4. Martinez, Stephen & Norton, George W., 1986. "Evaluating Privately Funded Public Research: An Example With Poultry And Eggs," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 18(1), pages 129-140, July.
    5. Morzuch, Bernard J., 1980. "Principal Components And The Problem Of Multicollinearity," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-3, April.
    6. Sprik, M. & Hijmans, T. & Trappeniers, N.J., 1981. "The ordering phase transitions in solid methane and the cerium monochalcogenides compared. A test of universality," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 109(1), pages 339-346.
    7. Adrian C. Darnell, 1994. "A Dictionary Of Econometrics," Books, Edward Elgar Publishing, number 118.
    8. V. Kerry Smith, 1980. "Some Comments on the Evaluation of Informal Models," NBER Chapters, in: Evaluation of Econometric Models, pages 123-131, National Bureau of Economic Research, Inc.
    9. Taylor, Patricia D. & Tomek, William G., 1984. "Forecasting the Basis for Corn in Western New York," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 13(1), pages 1-6, April.
    10. Taylor, Patricia D. & Tomek, William G., 1984. "Forecasting the Basis for Corn in Western New York," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-6, April.
    11. Nelson, Mack C. & Liu, Xuanli, 2005. "Demand Potential for Goat Meat in Southern States: Empirical Evidence from a Multi-State Goat Meat Consumer Survey," 2005 Annual meeting, July 24-27, Providence, RI 19224, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Liu, Xuanli & Miller, Gay Y. & McNamara, Paul E., 2005. "Do Antibiotics Reduce Production Risk for U.S. Pork Producers?," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(3), pages 1-11, December.
    13. Willis, Cleve E. & Perlack, Robert D., 1978. "Multicollinearity: Effects, Symptoms, And Remedies," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 7(1), pages 1-7, April.
    14. Sprik, M. & Nijman, A.J. & Trappeniers, N.J., 1979. "The thermodynamics of discontinuous orientational phase transitions in quantum crystals," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 98(1), pages 231-244.
    15. Mbatha, C.N. & Gustafsson, M.A., 2013. "The standard error of regressions: a note on new evidence of significance misuse," International Journal of Agricultural Sciences and Technology (IJAGST), SvedbergOpen, vol. 52(1), March.
    16. Tunstall, Allan W. & Quilkey, John J., 1990. "Storage And Pricing Of Apples: Some Empirical Evidence On The Structure Of The Victorian Wholesale Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 34(3), pages 1-12, December.
    17. Verteramo Chiu, Leslie J. & Tomek, William G., 2016. "Anticipatory Signals of Changes in Corn Demand," Working Papers 250032, Cornell University, Department of Applied Economics and Management.
    18. Kulshreshtha, Surendra N., 1979. "Functional Form Specification In The Quarterly Demand For Red Meats In Canada," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(2), pages 1-10, December.
    19. Morzuch, Bernard J., 1980. "Principal Components And The Problem Of Multicollinearity," Journal of the Northeastern Agricultural Economics Council, Northeastern Agricultural and Resource Economics Association, vol. 9(1), pages 1-3, April.
    20. Mark Jensen, 1997. "Revisiting the flexibility and regularity properties of the asymptotically ideal production model," Econometric Reviews, Taylor & Francis Journals, vol. 16(2), pages 179-203.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:nareaj:159301. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/nareaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.