Comparing the Box-Jenkins and Econometric Techniques for Forecasting Beef Prices
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Most published studies which consider the forecasting of agricultural prices have utilised the econometric technique. In many non-agricultural forecasting situations, the Box-Jenkins technique has been found to be of equal accuracy. This paper compares the forecasting accuracy of the Box-Jenkins and econometric techniques for forecasting manufacturing-grade beef prices in the United States of America, and suggests that the Box-Jenkins technique may be the more accurate.