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A model is developed to forecast the food price component of the consumer price index published by the Bureau of Labor Statistics. The'model relates retail food prices to prices received by farmers and to wage rates in food marketing industries. The farm value and farm-retail spread of the...
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The model for analyzing the impact of the Food Stamp Program on food purchased for use at home indicates that no continuous relationship exists between at-home food expenditures and income of food stamp participant households As previous studies have not allowed for this fact, they may have...
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The authors propose six questions relevant to the evaluation of all social system models, and apply them to the Barr-Gale model for forecasting the Consumer Price Index for Food. While analysts invest much effort in developing new economic models, relatively little attention is paid to...
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