Distributed Lags and Demand Analysis for Agricultural and Other Commodities |
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... assumed and estimation is made of certain characteristics Based on models of expectation ... .... Models for generating distributed lags based on technological or institutional rigidities ... Distinction between long- and short - run ...
... assumed and estimation is made of certain characteristics Based on models of expectation ... .... Models for generating distributed lags based on technological or institutional rigidities ... Distinction between long- and short - run ...
Page 1
... assumed general form for the distribution , or ( 3 ) derive and statistically fit a model based on the fundamental cause of ... assume that the lags arise chiefly because of technological and institutional rigidi- ties . The traditional ...
... assumed general form for the distribution , or ( 3 ) derive and statistically fit a model based on the fundamental cause of ... assume that the lags arise chiefly because of technological and institutional rigidi- ties . The traditional ...
Page 2
... assume that technological and institutional rigidities are absent but that uncertainty about the future exists , and that habit is a powerful force . Under conditions of uncertainty , a change in price or income may be thought of by ...
... assume that technological and institutional rigidities are absent but that uncertainty about the future exists , and that habit is a powerful force . Under conditions of uncertainty , a change in price or income may be thought of by ...
Page 4
... assume that the distributions of lag for the same variable in each of the equations is the same . If the multiple equation method can be used , it is computationally much simpler than the single equation method . In analyzing the demand ...
... assume that the distributions of lag for the same variable in each of the equations is the same . If the multiple equation method can be used , it is computationally much simpler than the single equation method . In analyzing the demand ...
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... assume a general form for the distribution of the lag and estimate certain of its particular characteristics ; this approach is taken by Fisher ( - 7.- Effects of uncertainty Empirical analyses in which distributed lags have been used.
... assume a general form for the distribution of the lag and estimate certain of its particular characteristics ; this approach is taken by Fisher ( - 7.- Effects of uncertainty Empirical analyses in which distributed lags have been used.
Common terms and phrases
AGRICULTURAL MARKETING SERVICE assume assumption automobiles b₁ categories of consumption change in current change in price coefficients of expectations commodity component of income computed consumer unit consumption function current income current price curve demand equation contains difference equation discussed distributed lags distribution of lag durable Durbin-Watson statistic effect expectational equations expectational nature expectational variables expected normal income expected normal price Friedman hence illus income elasticity independently distributed indifference curves institutional rigidities iterative method Koyck's lagged values matrix measured income method of reduction multiple equation method Nerlove non-expectational variables obtained original demand equation original equation parameters past prices period permanent component permanent income hypothesis Pit-l price and income reduced equation residual term serial correlation single equation method statistical substitute technological or institutional tion total consumption transitory components uncertainty uncorrelated variance variance-covariance matrix vector zero