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Forecasting Retail Values and Spreads for the Market Basket of U.S. Farm Foods

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  • Sun, Theresa Y.

Abstract

Three quarterly models were used, based on 1965-75 data, to examine the statistical relation~hips between the retail value, the farm value, and the spread of a fixed sample of food products included in the market basket. The first model gives quarterly expected price indices and price flexibilities for meat, dairy, poultry, and eggs at retail and farm levels. Quarterly projections for the retail values of nine different product groups of the market basket and their total values were obtained from the second model. The third model gives estimates of the systematic variations between the spread and food values at retail and farm levels of the market.

Suggested Citation

  • Sun, Theresa Y., 1977. "Forecasting Retail Values and Spreads for the Market Basket of U.S. Farm Foods," Technical Bulletins 157865, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerstb:157865
    DOI: 10.22004/ag.econ.157865
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    References listed on IDEAS

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    1. James P. Houck, 1965. "The Relationship of Direct Price Flexibilities to Direct Price Elasticities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 47(3), pages 789-792.
    2. George, P.S. & King, Gordon A., 1971. "Consumer Demand for Food Commodities in the United States with Projections for 1980," Monographs, University of California, Davis, Giannini Foundation, number 11936, December.
    3. Scott, Forrest E. & Badger, Henry T., 1972. "Farm-Retail Spreads for Food Products," Miscellaneous Publications 312505, United States Department of Agriculture, Economic Research Service.
    4. Barr, Terry N. & Gale, Hazen F., 1973. "A Quarterly Forecasting Model for the Consumer Price Index for Food," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 25(1), pages 1-14, January.
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    Cited by:

    1. Reed, Michael R. & Robbins, Lynn W., 1985. "The Relationship Between Managerial Heuristics and Economics in Pricing Retail Meats," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 17(2), pages 87-96, December.

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