A recursive, monthly price forecasting model for live; cattle serves as a basis for applying decision theory to speculation in cattle futures. The distribution of predicted futures prices is obtained from the standard error of the forecast of the cash price forecasting model in conjunction with...

A particular numerical analytical technique for solving systems of simultaneous equations which offers several advantages to the user over other numerical techniques is discussed. The Gauss-Seidel algorithm is simply an iterative technique which requires no derivatives, matrix inversion,...

This paper examines the magnitude of error associated with linear approximations of nonlinear variables based on Taylor's Series. Little attention has been given to the error term in previous empirical studies. This paper presents the mathematical technique for the single-variable and...