The basis, defined as the cash price minus the futures price, is important when making marketing decisions. The cotton basis is calculated using the July futures price for six major cotton marketing regions in the U.S. for August 1993 to November 1997. Graphs of the average basis for the four...

The forecast performances of the fixed coefficient demand model are compared with those of spline function and the Cooley-Prescott varying parameter demand models using consumption and price data for beef, pork, chicken and turkey. In general, the varying parameter models outperformed the fixed...