Temporal and Spatial Aggregation: Alternative Marketing Margin Models

Charles C. Lyon, Gary D Thompson

Research output: Contribution to journalArticle

19 Citations (Scopus)

Abstract

The effects of temporal and spatial data aggregation on the performance of alternative marketing margin models is assessed using monthly, quarterly, and semiannual fluid milk prices from three U.S. cities. Nonnested tests for multivariate and single equation models with serial correlation are used to choose among alternative models at each aggregation level. While model choice is affected by temporal and spatial aggregation, model choice becomes more difficult as data are temporally or spatially aggregated.

Original languageEnglish (US)
Pages (from-to)523-536
Number of pages14
JournalAmerican Journal of Agricultural Economics
Volume75
Issue number3
DOIs
StatePublished - 1993

Fingerprint

Marketing
marketing
Milk
milk prices
fluid milk
spatial data
autocorrelation
Marketing margins
Model choice
testing
Data aggregation
Serial correlation
Alternative models
Non-nested tests

Keywords

  • C520
  • Data aggregation
  • Margin models
  • Nonnested tests
  • Q110
  • Q130

ASJC Scopus subject areas

  • Agricultural and Biological Sciences (miscellaneous)
  • Economics and Econometrics

Cite this

Temporal and Spatial Aggregation : Alternative Marketing Margin Models. / Lyon, Charles C.; Thompson, Gary D.

In: American Journal of Agricultural Economics, Vol. 75, No. 3, 1993, p. 523-536.

Research output: Contribution to journalArticle

@article{040c8541d03f4efdb91430ca63da3946,
title = "Temporal and Spatial Aggregation: Alternative Marketing Margin Models",
abstract = "The effects of temporal and spatial data aggregation on the performance of alternative marketing margin models is assessed using monthly, quarterly, and semiannual fluid milk prices from three U.S. cities. Nonnested tests for multivariate and single equation models with serial correlation are used to choose among alternative models at each aggregation level. While model choice is affected by temporal and spatial aggregation, model choice becomes more difficult as data are temporally or spatially aggregated.",
keywords = "C520, Data aggregation, Margin models, Nonnested tests, Q110, Q130",
author = "Lyon, {Charles C.} and Thompson, {Gary D}",
year = "1993",
doi = "10.2307/1243560",
language = "English (US)",
volume = "75",
pages = "523--536",
journal = "American Journal of Agricultural Economics",
issn = "0002-9092",
publisher = "Oxford University Press",
number = "3",

}

TY - JOUR

T1 - Temporal and Spatial Aggregation

T2 - Alternative Marketing Margin Models

AU - Lyon, Charles C.

AU - Thompson, Gary D

PY - 1993

Y1 - 1993

N2 - The effects of temporal and spatial data aggregation on the performance of alternative marketing margin models is assessed using monthly, quarterly, and semiannual fluid milk prices from three U.S. cities. Nonnested tests for multivariate and single equation models with serial correlation are used to choose among alternative models at each aggregation level. While model choice is affected by temporal and spatial aggregation, model choice becomes more difficult as data are temporally or spatially aggregated.

AB - The effects of temporal and spatial data aggregation on the performance of alternative marketing margin models is assessed using monthly, quarterly, and semiannual fluid milk prices from three U.S. cities. Nonnested tests for multivariate and single equation models with serial correlation are used to choose among alternative models at each aggregation level. While model choice is affected by temporal and spatial aggregation, model choice becomes more difficult as data are temporally or spatially aggregated.

KW - C520

KW - Data aggregation

KW - Margin models

KW - Nonnested tests

KW - Q110

KW - Q130

UR - http://www.scopus.com/inward/record.url?scp=0001634978&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=0001634978&partnerID=8YFLogxK

U2 - 10.2307/1243560

DO - 10.2307/1243560

M3 - Article

AN - SCOPUS:0001634978

VL - 75

SP - 523

EP - 536

JO - American Journal of Agricultural Economics

JF - American Journal of Agricultural Economics

SN - 0002-9092

IS - 3

ER -