Author:
Atwood Joseph,Held Larry J.,Helmers Glenn A.,Watts Myles J.
Abstract
AbstractSelected risk programming solutions (i.e., profit maximization, Target-MOTAD, and MOTAD) are tested in an economic environment outside the data set from which they were developed. Specifically, solutions are derived from either a longer 10-year (1965-74) or shorter 6-year estimation period (1969-74), and then, they are tested for consistent risk-income characteristics over a later 10-year period (1975-84). Risk solutions estimated from earlier periods perform well in the later test period in spite of different economic conditions between time periods. However, favorable performance may be related to the specific example used in this analysis. Further testing for other farm situations is needed before general conclusions can be reached.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics,Agricultural and Biological Sciences (miscellaneous)
Reference7 articles.
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4. Jones C. T. .“Effects of Sample Size on MOTAD and Target-MOTAD Solutions.” Unpublished M.S. Thesis, Department of Agricultural Economics and Economics, Montana State University; March, 1984.
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1 articles.
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