TITLE

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

AUTHOR(S)
Prescott, David M.; Stengos, Thanasis
PUB. DATE
May 1987
SOURCE
American Journal of Agricultural Economics;May87, Vol. 69 Issue 2, p266
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
4621789

 

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