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Information, hierarchical model structures and forecasting: A case study of the stock of dairy cows in England and Wales

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  • A. J. RAYNER
  • R. J. YOUNG

Abstract

Summary This paper suggests guidelines for ordering and utilising information (data and theory) in the construction of forecasting models. This framework leads to the notion of a threefold stratification of model structures which is seen to be hierarchical. An illustrative case-study of the approach is provided by the building of models for forecasting the stock of cows- in England and Wales.

Suggested Citation

  • A. J. Rayner & R. J. Young, 1980. "Information, hierarchical model structures and forecasting: A case study of the stock of dairy cows in England and Wales," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 7(3), pages 289-313.
    • Handle: RePEc:oup:erevae:v:7:y:1980:i:3:p:289-313.
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    File URL: http://hdl.handle.net/10.1093/erae/7.3.289
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    Cited by:

    1. J.‐P. Chavas & A. F. Kraus, 1990. "Population Dynamics And Milk Supply Response In The Us Lake States," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(1), pages 75-84, January.

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