Time Varying Coefficient: An Application of Flexible Least Squares to Cattle Captive Supply

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dc.creatorKim, Man-Keun
dc.creatorLee, Andrew C.
dc.date2017-04-01T14:11:11Z
dc.date.accessioned2026-07-09T03:26:40Z
dc.descriptionAlthough conventional linear regression techniques assume time constancy of parameters time varying coefficient or the problem of structural instability in econometric relationships has been recognized by econometricians. In this study, time varying impact of captive supply on fed cattle cash market price is investigated via flexible least squares approach. Time path of flexible least squares coefficient estimate indicates an approximately four fold increase in price impact of captive supply over the sample period, but even this multiplied price impact is small compared to the effect of boxed beef price which shows negligible time variation. The time path also aids in identification of structural breaks in the price impact of captive supply.
dc.identifierdoi:10.22004/ag.econ.19124
dc.identifierhttps://ageconsearch.umn.edu/record/19124/files/sp05le07.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/19124
dc.identifier.urihttp://hdl.handle.net/123456789/532654
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/19124
dc.titleTime Varying Coefficient: An Application of Flexible Least Squares to Cattle Captive Supply
dc.typeText

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