An Econometric Approach for Estimating Daily Market Prices

Date

1992

Authors

Brown, Jeff
Engles, Carlos
Ethridge, Don

Journal Title

Journal ISSN

Volume Title

Publisher

National Cotton Council of America

Abstract

Procedures for hedonic model determinations of market prices, premiums, and discounts for cotton fiber attributes have been developed for daily market price reporting. Model results for t~e two Texas-Oklahoma price reporting regions are described and presented and compared to the current Daily spot Cotton Quotations. Evidence to date indicates that both the model and the quotations accurately track market prices in the two markets the model provides a more detailed set of quality premiums and discounts and avoids a systematic bias which occurs in the Quotations. Plans for further research are described.

Description

Keywords

Citation

Ethridge, D., C. Engle, J. Brown. "An Econometric Approach for Estimating Daily Market Prices." Beltwide Cotton Conference, 1992.