Author
Consuelo Brandeis and Dayton Lambert (dlamber1@utk.edu)
Journal of Forest Economics, 2014, vol. 20, issue 3, pages 305-315
Abstract: We explored forecasting of county roundwood pulpwood production with county-vector autoregressive (CVAR) and spatial panel vector autoregressive (SPVAR) methods. The analysis used timber products output data for the state of Florida, together with a set of macro-economic variables. Overall, we found the SPVAR specification produced forecasts with lower error rates compared to CVAR specifications. Nonetheless, high forecast errors across counties revealed the uncertainty associated with projecting volumes of county pulpwood production.
Keywords: County pulpwood forecast; Vector autoregressive; Spatial panel VAR(search for similar items in EconPapers)
Date: 2014
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Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
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Consuelo Brandeis and Dayton Lambert (dlamber1@utk.edu)
Journal of Forest Economics, 2014, vol. 20, issue 3, pages 305-315
Abstract: We explored forecasting of county roundwood pulpwood production with county-vector autoregressive (CVAR) and spatial panel vector autoregressive (SPVAR) methods. The analysis used timber products output data for the state of Florida, together with a set of macro-economic variables. Overall, we found the SPVAR specification produced forecasts with lower error rates compared to CVAR specifications. Nonetheless, high forecast errors across counties revealed the uncertainty associated with projecting volumes of county pulpwood production.
Keywords: County pulpwood forecast; Vector autoregressive; Spatial panel VAR(search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S1104689914000324
Full text for ScienceDirect subscribers only
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text
Persistent link:http://EconPapers.repec.org/RePEc:eee:foreco:v:20:y:2014:i:3:p:305-315
Ordering information: This journal article can be ordered from
http://www.elsevier.com/wps/find/journaldescription.cws_home/701775/bibliographic
http://www.elsevier. ... 701775/bibliographic
Access Statistics for this article
Journal of Forest Economics is currently edited by P. Gong and R. Brännlund
More articles in Journal of Forest Economics from Elsevier
Series data maintained by Shamier, Wendy (repec@elsevier.com).
For further details log on website :
http://econpapers.repec.org/article/eeeforeco/v_3a20_3ay_3a2014_3ai_3a3_3ap_3a305-315.htm
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