Agricultural Price Analysis and ForecastingUses a problem solving framework to provide students with the means for acquiring the necessary skills in the application of economic theory. Enables them to understand that economic theory does describe authentic relationships by actual people in the existing world. |
Contents
Price Determination versus Price Discovery | 13 |
Marketing Margins | 14 |
Correcting for InflationThe Use | 23 |
Copyright | |
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Common terms and phrases
A/UT FIGURE activate the menu agricultural analysis associated average price base period calculated capita production capita turkey production ceteris paribus conditions Chapter commodity Consumer Price Index corn crude oil cts/lb cursor to Cell cycle cyclical defined degrees of freedom demand curve demand function dependent variable deviations dollar drift lines economic equation estimate Expected price expected values farm firm forecast formula in Cell impact income increase live turkey prices marginal cost marginal revenue market demand market price market supply marketing margin monopsony Move the cursor moving average moving total numbers observations oligopoly oligopsony output pattern percent pork Press Enter press Slash price-quantity purchase quantity QUATTROPRO range real prices regression analysis regression line residuals result scatter diagram seasonal price index semilogarithmic simple average slope standard error Statistical sumer supply function Table tion trend turkey demand turkey-feed price ratio United USDA variable resource wheat Y₁ ΣΧ