FORECASTS OF FARM ANIMAL PRODUCTION IN THE NEW ENGLAND STATES AND IN THE U.S.
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The purpose of the analysis is to forecast livestock and poultry
numbers for New England and the U. S. The effect of increasing feed
transportation rates on these numbers is also examined. The direct
estimates of the reduced form equations are utilized in forecasting numbers
for seven livestock and poultry classes. Forecast rules of thumb are specified
in the simplified lag model. A large model consisting of 26 predetermined
variables yields very high degrees of accuracy with errors mostly less than
one percent.