Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7408189 | International Journal of Forecasting | 2016 | 11 Pages |
Abstract
Given the high correlations observed among food prices, we analyse whether the forecasting accuracies of individual food price models can be improved by considering their cross-dependence. We focus on three strongly correlated food prices: corn, soybeans and wheat. We analyse an unstable forecasting period (2008-2014) and apply robust approaches and recursive schemes. Our results indicate forecast improvements from using models that include price interactions.
Related Topics
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Authors
H. Ahumada, M. Cornejo,