An Automated Econometric Approach for Estimating and Reporting Daily Cotton Market Prices

Date

1995-12

Authors

Engels, Carlos
Hudson, Darren
Ethridge, Don E.
Brown, Jeff E.

Journal Title

Journal ISSN

Volume Title

Publisher

Southern Agricultural Economics Association

Abstract

An automated price reporting system developed through computer technology and hedonic price theory is used to estimate daily cotton market prices, premiums, and discounts. This objective approach for reporting cotton market prices was developed to complement the objective measures of high volume instrument grading of cotton. The computerized, econometric system is limited to the Texas and Oklahoma marketing regions where sales are readily available from electronic markets. The econometric based system has shown all the characteristics of an efficient price reporting system; it is accurate, reliable, consistent, and repeatable in its working process and price estimates.

Description

Keywords

computer automation, cotton marketing, econometrics, hedonic price analysis, price reporting

Citation

Brown, J.E., D.E. Ethridge, D. Hudson, and C. Engels. "An Automated Econometric Approach for Estimating and Reporting Daily Cotton Market Prices."_ Journal of Agricultural and Applied Economics_ 27.2 (1995): 1-7.