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Comparing the Box-Jenkins and Econometric Techniques for Forecasting Beef Prices

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  • Bourke, I.J.

Abstract

Most published studies which consider the forecasting of agricultural prices have utilised the econometric technique. In many non-agricultural forecasting situations, the Box-Jenkins technique has been found to be of equal accuracy. This paper compares the forecasting accuracy of the Box-Jenkins and econometric techniques for forecasting manufacturing-grade beef prices in the United States of America, and suggests that the Box-Jenkins technique may be the more accurate.

Suggested Citation

  • Bourke, I.J., 1979. "Comparing the Box-Jenkins and Econometric Techniques for Forecasting Beef Prices," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 47(02), pages 1-12, August.
    • Handle: RePEc:ags:remaae:12477
    DOI: 10.22004/ag.econ.12477
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    References listed on IDEAS

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    1. Raymond M. Leuthold, 1975. "On the Use of Theil's Inequality Coefficients," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(2), pages 344-346.
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    Cited by:

    1. Gutierrez, Luciano & Piras, Francesco & Olmeo, Maria Grazia, 2015. "Forecasting Wheat Commodity Prices using a Global Vector Autoregressive model," 2015 Fourth Congress, June 11-12, 2015, Ancona, Italy 207264, Italian Association of Agricultural and Applied Economics (AIEAA).
    2. Arthanus Mutuku & Peter Murage & Stanley Sewe, 2024. "Application of SARIMAX model to forecast weekly Irish potato retail prices: a case study of Kitui County, Kenya," SN Business & Economics, Springer, vol. 4(11), pages 1-28, November.
    3. Kingma, Onko Tjerek & Longmire, James L. & Stoeckel, Andrew B., 1980. "A Review Of Three Research Programs In Quantitative Modelling In The Bureau Of Agricultural Economics," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(3), pages 1-24, December.

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    Keywords

    Demand and Price Analysis;

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