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Validating Predicting Equations: The Supply of Feeder Calves in West Virginia

Published online by Cambridge University Press:  10 May 2017

John P. Kuehn
John P. Kuehn*
Affiliation:
Agricultural Economics, West Virginia University
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Extract

The objectives of this article were first to develop a viable predicting model of the West Virginia feeder calf supply using calves marketed as the dependent variable. The second objective was to validate the predicting model using the “leave-out-one-year” procedure and to derive an alternative predicting equation using the jackknife technique. The purpose of the emphasis on the second objective was to provide a simple and direct demonstration, of a useful and necessary technique, for the large group of applied economists, who often use econometric methods, but who do not consider themselves to be econon etric specialists.

Type
Articles
Information
Journal of the Northeastern Agricultural Economics Council , Volume 8 , Issue 1 , April 1979 , pp. 39 - 43
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

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