Isengildina, Olga; Irwin, Scott H.; Good, Darrel L. - NCR-134 Conference on Applied Commodity Price Analysis, … - 2004
This study investigates the nature of the revision process of USDA corn and soybean production forecasts over the 1970/71 through 2002/03 marketing years. Nordhaus' framework for testing the efficiency of fixed-event forecasts is used. In this framework, efficiency is based on independence of...