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文章基本信息

  • 标题:Forecasting Crop Basis Using Historical Averages Supplemented with Current Market Information
  • 本地全文:下载
  • 作者:Taylor, Mykel R. ; Dhuyvetter, Kevin C. ; Kastens, Terry L.
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:2006
  • 卷号:37
  • 期号:12
  • 页码:549-567
  • 出版社:Food Distribution Research Society
  • 摘要:This research compares practical methods of forecasting basis, using current market information for wheat, soybeans, corn, and milo (grain sorghum) in Kansas. Though generally not statistically superior, an historical one-year average was optimal for corn, milo, and soybean harvest and post-harvest basis forecasts. A one-year average was also best for wheat post-harvest basis forecasts, whereas a five-year average was the best method for forecasting wheat harvest basis. Incorporating current market information, defined as basis deviation from historical average, improved the accuracy of post-harvest basis forecasts. A naive forecast incorporating current information was often the most accurate for post-harvest basis forecasts.
  • 关键词:basis forecast;crop basis;current information;naive forecast
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