Now showing items 1-3 of 3
When flexible forms are asked to flex too much
(Western Agricultural Economics Association, 1994-07)
Taylor series-based flexible forms cannot be interpreted as Taylor series approximations unless all data used in estimation lie in a region of convergence. When flexible forms lose their Taylor series interpretation, ...
Impact of cash settlement on feeder cattle basis
(Western Agricultural Economics Association, 1991-07)
The feeder cattle futures contract specifications were changed in 1986 from physical delivery to cash settlement. The Chicago Mercantile Exchange expected this change to reduce basis variability and improve the ability of ...
System misspecification testing and structural-change in the demand for meats
(Western Agricultural Economics Association, 1995-07)
A misspecification testing strategy designed to ensure that the statistical assumptions underlying a system of equations are appropriate is outlined. The system tests take into account information in, and interactions ...