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Annual Food Price Inflation Forecasting: A Macroeconomic Random Forest Approach

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  • McWilliams, William N.
  • Isengildina Massa, Olga
  • Stewart, Shamar L.

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Suggested Citation

  • McWilliams, William N. & Isengildina Massa, Olga & Stewart, Shamar L., 2024. "Annual Food Price Inflation Forecasting: A Macroeconomic Random Forest Approach," 2024 Annual Meeting, July 28-30, New Orleans, LA 343923, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea22:343923
    DOI: 10.22004/ag.econ.343923
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    References listed on IDEAS

    as
    1. MacLachlan, Matthew & Chelius, Carolyn & Short, Gianna, 2022. "Time-Series Methods for Forecasting and Modeling Uncertainty in the Food Price Outlook," USDA Miscellaneous 327370, United States Department of Agriculture.
    2. Emi Nakamura, 2008. "Pass-Through in Retail and Wholesale," American Economic Review, American Economic Association, vol. 98(2), pages 430-437, May.
    3. Hyndman, Rob J. & Khandakar, Yeasmin, 2008. "Automatic Time Series Forecasting: The forecast Package for R," Journal of Statistical Software, Foundation for Open Access Statistics, vol. 27(i03).
    4. Philippe Goulet Coulombe & Maxime Leroux & Dalibor Stevanovic & Stéphane Surprenant, 2022. "How is machine learning useful for macroeconomic forecasting?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 37(5), pages 920-964, August.
    5. MacLachlan, Matthew & Chelius, Carolyn & Short, Gianna, 2022. "Time-Series Methods for Forecasting and Modeling Uncertainty in the Food Price Outlook," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Technical), August.
    6. Harvey, David & Leybourne, Stephen & Newbold, Paul, 1997. "Testing the equality of prediction mean squared errors," International Journal of Forecasting, Elsevier, vol. 13(2), pages 281-291, June.
    7. Canova, Fabio & Hansen, Bruce E, 1995. "Are Seasonal Patterns Constant over Time? A Test for Seasonal Stability," Journal of Business & Economic Statistics, American Statistical Association, vol. 13(3), pages 237-252, July.
    8. Joutz, Frederick L. & Trost, Robert P. & Hallahan, Charles B. & Clauson, Annette L. & Denbaly, Mark, 2000. "Retail Food Price Forecasting At Ers: The Process, Methodology, And Performance From 1984 To 1997," Technical Bulletins 33575, United States Department of Agriculture, Economic Research Service.
    9. MacLachlan, Matthew & Chelius, Carolyn & Short, Gianna, 2022. "Time-Series Methods for Forecasting and Modeling Uncertainty in the Food Price Outlook," Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, United States Department of Agriculture, Economic Research Service, vol. 2022(Technical), August.
    10. Isengildina-Massa, Olga & MacDonald, Stephen & Xie, Ran, 2012. "A Comprehensive Evaluation of USDA Cotton Forecasts," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(1), pages 1-16, April.
    11. repec:ags:jrapmc:122314 is not listed on IDEAS
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    Keywords

    Demand And Price Analysis; Agricultural And Food Policy; Risk And Uncertainty;
    All these keywords.

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