Bootstrapping Confidence Intervals: An Application to Forecasting the Supply of Pork

Prescott, David M.; Stengos, Thanasis
May 1987
American Journal of Agricultural Economics;May87, Vol. 69 Issue 2, p266
Academic Journal
The article demonstrates how the distribution-free method of bootstrapping can be applied to the construction of confidence intervals for forecasts generated by a dynamic econometric model. Because the exogenous variables must be forecast, the forecasts of the dependent variable are functions of stochastic forecast-period exogenous variables. A dynamic model of pork supply is used to illustrate the procedure.


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