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Forecasting Livestock Slaughter: An Empirical Assessment of M.L.C. Forecasts

Research output: Contribution to journalJournal article

Published
<mark>Journal publication date</mark>05/1987
<mark>Journal</mark>Journal of Agricultural Economics
Issue number2
Volume38
Number of pages7
Pages (from-to)235-241
Publication statusPublished
Original languageEnglish

Abstract

Allocating resources to the provision of public forecasts may be justified as a means of reducing fluctuations arising from divergent expectations. In this paper we examine certain forecasts provided by the Meat and Livestock Commission. Our results indicate that these forecasts pass a number of tests of model adequacy. In particular they appear to be unbiased and efficient.