In Assignment 8, you estimated an updated version of Irwin and Good's ending-stocks-to-use model for soybeans. This mode

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In Assignment 8 You Estimated An Updated Version Of Irwin And Good S Ending Stocks To Use Model For Soybeans This Mode 1 (94.27 KiB) Viewed 16 times

In Assignment 8, you estimated an updated version of Irwin and Good's ending-stocks-to-use model for soybeans. This model allows for a level shift in the relationship between ending-stocks-to-use and price depending on the historical time period specified by the modeler. You estimated the following regression equation: Price = 5.23 +7.77(5 Stocks -to-Use) - 1.62A + 7.45B+ 4.93C +3.00D where A, B, C, and D are indicator variables for the four sub-periods identified by Irwin and Good and labelled on the graph below: US Soybean Ending Stocks to Use vs Price, 1990/91-2020/21 15.00 13.00 Strong 11.00 Moderate Price ($/bu.) 9.00 Weak 7.00 Base 5.00 Asian Crisis 3.00 0% Source: USDA WASDE 5% 20% 25% 10% 15% Ending Stocks to Use Ratio Match the letter to the named subperiod on the graph. A A [Choose] B [Choose] [Choose] D [Choose ] <