Analysis of Aggregation Error in Supply Functions based on Farm-Programming Models, October 1973

(1973) Analysis of Aggregation Error in Supply Functions based on Farm-Programming Models, October 1973. Iowa State University

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Abstract

The over-all purpose of this study is to investigate problems of aggregation error in supply estimates. Specific elements of the analysis include an exploration of the theoretical aspects of developing error-free or minimum-error aggregates, the development of empirical supply estimates for Iowa pork and beef (based on different stratifications of representative farms), determination of the relative magnitude of the aggregation error and possible factors contributing to it, and recommending practical research procedures for controlling aggregation error.