A Test of Forecast Consistency Using USDA Livestock Price Forecasts

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dc.creatorSanders, Dwight R.
dc.creatorManfredo, Mark R.
dc.date2017-04-01T18:34:42Z
dc.date.accessioned2026-07-09T03:26:22Z
dc.descriptionIn traditional tests of forecast rationality, price forecasts are usually differenced to obtain stationarity. However, this data transformation may ignore important long-run information contained in forecasted price levels. Here, the concept of forecast consistency is paired with rationality concepts used in the market efficiency literature to develop a sequential testing procedure for forecast consistency and rationality. USDA quarterly livestock price forecasts do not demonstrate long-run consistency.
dc.identifierdoi:10.22004/ag.econ.19042
dc.identifierhttps://ageconsearch.umn.edu/record/19042/files/cp05sa02.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/19042
dc.identifier.urihttp://hdl.handle.net/123456789/532572
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/19042
dc.titleA Test of Forecast Consistency Using USDA Livestock Price Forecasts
dc.typeText

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