Forecasting CPI food prices: an assessment. (consumer price index)(response to the articles by Annette L. Clauson, Robert E. Young II et al and John M. Urbanchuk in this issue, pp. 1669-1680)(The Current Challenges of Forecasting Retail Prices)

From: American Journal of Agricultural Economics | Date: December 1, 1997| Author: Joutz, Frederick L. | Copyright information

A critique of the articles by Annette L. Clauson, Robert E. Young II et al and John M. Urbanchuk on food prices forecasting is presented. The method used by the Economic Research Service (ERS) in its prediction of food prices utilizes a Delphi model while that used by the Food and Agricultural Policy Research Institute (FAPRI) employs an econometric model that incorporates production, consumption and trade factors. The method used by the private firm AUS Consulting also uses an econometric mo...

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