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An Application of the Box-Jenkins Approach to Forecasting the Cold Storage of French Fries

Published online by Cambridge University Press:  10 May 2017

Richard P. Beilock  and
James W. Dunn
Richard P. Beilock
Affiliation:
The Pennsylvania State University
James W. Dunn
Affiliation:
The Pennsylvania State University
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Extract

Potatoes suitable for frozen french fries are harvested in the fall and then apportioned for the rest of the year by processors. This involves storage in either fresh or frozen form. Participants in both the fresh and french fry market consider the level of frozen french fry stocks to be an important determinant of activity in these markets and therefore use stock information to form price expectations [Phillips et al., 16–18]. The ability to forecast the future level of stocks with some accuracy would undoubtedly be an additional aid in developing market strategies. This paper provides one means of forecasting frozen french fry stocks.

Type
Contributed Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 9 , Issue 2 , October 1980 , pp. 51 - 54
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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Footnotes

The authors wish to thank George Heitmann and our anonymous reviewers for their valuable criticism and comments.

References

Box, G. and Jenkins, G., Time Series Analysis: Forecasting and Control, San Francisco: Holden-Day Inc., 1976.Google Scholar
Brennan, M., “The Supply of Storage,” American Economic Review, 47(1958): 52–67.Google Scholar
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Nelson, C., Applied Time Series Analysis for Managerial Forecasting, San Francisco: Holden-Day Inc., 1973.Google Scholar
Phillips, M., Sporleder, T., Baarda, J., and Biggs, G., Processed Potato Growers’ Associations: Information and Organization Needs, U.S.D.A., F.C.S., Research Report 35, January 1976.Google Scholar
U.S.D.A., Summary of Regional Cold Storage Holdings, C.R.B., S.R.S., Monthly January 1956-March 1979.Google Scholar