Publisher's Synopsis
Excerpt from Agricultural Economics Research, Vol. 22: October 1970
The above development illustrates an application of statistical decision theory to speculation in live beef cattle futures contracts. Cash prices are forecast by equations derived from statistical analysis, and then are adjusted to predict futures prices up to 6 months ahead. The variance of the forecast, derived from the least squares regression analysis involving cash prices, is combined with the variance of the historical distribution of the futures-cash price differential to obtain a measure of the distribution around the predicted futures price. The resulting joint standard error is used to evaluate the probability of profit, given the predicted futures price and the current price for that futures contract. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
