Forecasting Livestock Slaughter: An Empirical Assessment of M.L.C. Forecasts

Byers, D. and Peel, David (1987) Forecasting Livestock Slaughter: An Empirical Assessment of M.L.C. Forecasts. Journal of Agricultural Economics, 38 (2). pp. 235-241. ISSN 0021-857X

Abstract

Allocating resources to the provision of public forecasts may be justified as a means of reducing fluctuations arising from divergent expectations. In this paper we examine certain forecasts provided by the Meat and Livestock Commission. Our results indicate that these forecasts pass a number of tests of model adequacy. In particular they appear to be unbiased and efficient.